SHENGRONG HLDG (00834.HK): Proposes voluntary delisting of shares from SGX Mainboard, expected to take effect on or around 7 January 2027
NewTimeSpace News: On 30 August 2026, Shengrrong Holding Ltd. (stock code: 00834, formerly China Kangda Food Company Limited) announced that the Company proposes to voluntarily delist its ordinary shares, currently secondarily listed on the Mainboard of the Singapore Exchange (SGX), from the SGX Mainboard.
According to the announcement, the reasons for the proposed delisting include: the number of shares registered with The Central Depository (Pte) Limited has been negligible at the end of each calendar year since the Company's shares were listed on the HKEX; the trading volume of the shares on SGX has been consistently low, with HKEX trading volume substantially exceeding that on SGX; the Company has not conducted any fund-raising activities on SGX since 2007; and the delisting will eliminate additional administrative and compliance costs associated with SGX requirements, allowing the Company to streamline its compliance obligations, reduce legal and compliance costs, and focus resources on business operations.
As the Company has its primary listing on HKEX and secondary listing on SGX, it is not required to comply with any other continuing listing obligations under the SGX Listing Manual other than Rules 217 and 751; accordingly, Rules 1307 and 1309 do not apply to the proposed delisting, and the Company will not be required to hold a general meeting to obtain shareholders' approval or to provide shareholders with an alternative exit. SGX has indicated on 28 August 2026 that it has no objection to the proposed delisting, subject to certain conditions, including the prompt release of the delisting announcement via SGXNET and the despatch of notices to CDP depositors and SRS approved banks at least three months before the delisting date.
The proposed delisting is scheduled to take effect on or around 7 January 2027, and the Company will despatch notices to CDP depositors and SRS approved banks on or around 5 October 2026. Following the delisting, the shares will be traded only on HKEX, and the voting rights and dividend entitlements of shareholders (including CDP depositors) will not be affected; depositors who take no action will have their shares registered in the Company's Hong Kong register of members at the Company's cost, while depositors opting for the transfer process may trade their shares on HKEX through the designated broker or their own broker.
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