China Bright Culture Group Faces Delisting from Hong Kong Stock Exchange

Story Highlights
  • China Bright Culture Group faces delisting from the Hong Kong Stock Exchange.
  • The company failed to meet certain regulatory requirements, leading to the delisting decision.
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China Bright Culture Group Faces Delisting from Hong Kong Stock Exchange

China Bright Culture Group ( (HK:1859) ) just unveiled an update.

China Bright Culture Group has faced a decision by the Listing Review Committee to delist its shares from the Hong Kong Stock Exchange. Despite compliance with several regulatory guidance requirements, the company failed to demonstrate sufficient operations and assets in accordance with Rule 13.24, leading to the decision to delist. The delisting will take effect from February 4, 2025, and shareholders should be aware that shares will no longer be tradable on the Stock Exchange.

More about China Bright Culture Group

YTD Price Performance: 0%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$128M

Learn more about 1859 stock on TipRanks’ Stock Analysis page.

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