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2022-01-26 17:36
04:32 AM EST, 01/26/2022 (MT Newswires) -- FDG Electric Vehicles (HKG:0729) will not seek a review of the Hong Kong bourse's decision to delist the company's shares as it failed to secure a formal restructuring plan, according to a Wednesday filing.
The car batteries manufacturer said it will not be able to fulfill the guidance set out by the stock exchange to resume trading in its shares, which has been halted since July 2, 2020.
The bourse's Listing Committee decided on Jan. 13 to cancel the listing of the car batteries manufacturer's shares from Jan. 31.
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