SKYFAME REALTY (00059.HK): Listing Committee decides to cancel listing, company files review on 10 November, hearing 17 December

NewTimeSpace News: On 11 November 2026, Skyfame Realty (Holdings) Limited (in liquidation) (00059.HK) announced that on 30 October 2026 it received a letter from the Stock Exchange stating that the Listing Committee had decided to reject the Company's request to extend the resumption deadline to 31 December 2026 and to cancel the Company's listing status under Rule 6.01A of the Listing Rules. Trading in the Company's shares has been suspended since 1 April 2025, and under Rule 6.01A(1) the Company was required to resume trading on or before 30 September 2026, failing which the Stock Exchange is entitled to cancel its listing.

The Listing Committee's decision was based on the Company's failure to meet all the resumption guidance before the deadline: the winding-up order remains in force and the appointment of the provisional liquidators has not been released (RG1); the matters underlying the disclaimer of opinion relating to the deconsolidation remain unresolved (RG2); the Group continues to record net liabilities and net current liabilities and relies on the restructuring to improve its financial position, and has not demonstrated compliance with Rule 13.24 (RG3); the appointments of the new directors and company secretary have not taken effect, so the Company remains in breach of Rules 3.10(1) and others (RG4); and the subsidiaries deconsolidated accounted for 99% of the Group's total assets before deconsolidation, which was only first publicly disclosed in September 2026 (RG5). The Listing Committee also considered that the Company's circumstances did not meet the extension criteria in paragraphs 22 and 23 of Guidance Letter GL95-18.

After considering professional advice, the Company submitted an application on 10 November 2026, within seven business days from the date of the delisting decision, for a review of the decision by the Listing Review Committee, with the hearing scheduled for 17 December 2026. The Company reminded that the outcome of the review is uncertain and there is no assurance that trading in the shares will resume; should the Company decide not to pursue the review, the last trading date would be 13 November 2026 and the listing status would be cancelled from 9:00 a.m. on 16 November 2026. Trading in the Company's debt securities and shares has been suspended since 28 June 2022 and 9:00 a.m. on 1 April 2025 respectively, and will remain suspended until further notice.