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Farglory Land Dev Co (FLDS)

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Wednesday 16 December, 2015

Farglory Land Dev Co

Application towards delisting of GDRs

RNS Number : 2143J
Farglory Land Development Co., Ltd.
16 December 2015
 

 

16th December, 2015

 

London Stock Exchange

10 Paternoster Square

London

EC4M 7LS

 

Dear Sirs:

  

Sub: Application towards delisting of Global Depositary Receipts issued by Farglory Land Development Co. Ltd.

 

This is to inform you the Company has made a voluntary application to the UK Listing Authority and the London Stock Exchange for the cancellation of the listing of the Company's Global Depositary Receipts representing interests in the Company's ordinary shares ("GDRs") on the Official List, which will result in the cancellation of the trading of its GDRs on the London Stock Exchange.  Such delisting is expected to take effect in January, 2016.  This notice is given in fulfillment of the obligation under Listing Rule 5.2.8.

 

1.   Name of Issuer:

 

Farglory Land Development Co. Ltd.

 

2.   Securities subject to delisting:

 

FARGLORY LAND DEVELOPMENT CO. LTD. GDR (EACH REPR TWO ORDINARY SHARES) (REG S)

Standard GDRs

Currency: USD

ISIN Number US30744V2088

SEDOL Number B40QHF9

 

FARGLORY LAND DEVELOPMENT CO. LTD. GDR (EACH REPR TWO ORDINARY SHARES) (144A)

Standard GDRs

Currency: USD

ISIN Number US30744V1098

SEDOL Number B3SRHW4

 

3.   Date of suspension

 

The delisting of the Company's GDRs is expected to take effect by 19th January, 2016. 

 

4.   Reason for delisting:

 

The Company has decided to terminate the GDR listing as the trading volume of GDRs on the London Stock Exchange (LSE) is low, it is felt that no useful purpose is being served by continuing listing with the LSE and steps should be taken for delisting the said GDRs from LSE. The Company believes that such delisting would cause no substantial inconvenience to the Company's shareholders and investors.

 

5.   Regulated investment exchange on which securities are traded:

 

The Company maintains its primary listing for Equity Shares on Taiwan Stock Exchange.

 

6.   Name and Contact details of concerned person:

 

Mr. Edward Cheng

Finance Dept.

30F, No.1, Songgao Rd., Sinyi District,

Taipei City 11071 Taiwan

TEL: (886) 2 2723 9999 Ext. 1880

[email protected] 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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