STARCOIN GROUP (00399): The Listing Review Committee has decided to uphold the decision of the Listing Committee.
Star Chain Group (00399) announced that on March 31, 2026, the Listing Review Committee held a hearing on the application for listing review. The company received a letter from the Listing Review Committee on April 28, 2026, notifying that after considering the statements of the company and the Listing Department (including the statements made during the hearing), the Listing Review Committee decided to uphold the decision of the Listing Committee to suspend the trading of the company's shares under Rule 6.01(3) of the Listing Rules. The reason for this decision was that the company failed to maintain sufficient operational standards and have sufficient valuable assets to support its operations, thereby meeting the requirements of Rule 13.24 of the Listing Rules.
STARCOIN GROUP (00399) announced that the Listing Review Committee held a hearing on the listing review application on March 31, 2026. The company received a letter from the Listing Review Committee on April 28, 2026, informing that after considering the statements from the company and the Stock Exchange (including the statements made during the hearing), the Listing Review Committee has decided to uphold the decision to suspend the trading of the company's shares under rule 6.01(3) of the Listing Rules. The reason for the suspension is that the company has failed to maintain sufficient operational standards and have sufficient valuable assets to support its operations, thereby meeting the requirements of rule 13.24 of the Listing Rules.
The company has obtained a temporary injunction, preventing the enforcement of the Listing Review Committee's decision, with the injunction valid until next Tuesday. The company will formally submit an application in accordance with this injunction, seeking judicial review of the Listing Review Committee's decision and applying for temporary injunction relief. The court has scheduled a hearing for the company's application for judicial review and temporary injunction relief. Trading of the company's shares will continue as normal.
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