HK Stock Market Move | HUSCOKE HLDGS(00704) falls more than 36%; Listing Committee maintains suspension of company's stock trading decision.

HUSCOKE HLDGS (00704) dropped more than 36%, falling 36.61% to HK$0.071 as of press time, with a turnover of HK$606,100. In terms of news, HUSCOKE HLDGS announced that on December 9th, the Listing Committee of the Stock Exchange received a letter notifying the company that the Listing Committee had reviewed the company's situation and decided that the company could not maintain a sufficient operating scale and sufficient value of assets to support its operations, and did not meet the conditions required by Rule 13.24 of the Listing Rules, therefore it is not suitable for listing. The Listing Committee has decided to maintain a decision to suspend the trading of the company's shares in accordance with Rule 6.01(3) of the Listing Rules. The company has the right to request that the decision of the Listing Committee be referred to the Listing Review Committee for review. Unless the company applies for a review, trading of the company's shares will be suspended on December 19th. The company is reviewing the decision of the Listing Committee and conducting internal and external discussions and seeking opinions to decide whether to apply for a review to the Listing Review Committee. Any decisions will be announced separately.