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Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID |
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IJ-120511-36665 |
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XIDELANG HOLDINGS LTD (“XDL” OR “THE COMPANY”)
- ARTICLE ENTITLED: XIDELANG EYES PRIMARY LISTING IN HONG KONG |
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| Description |
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We refer to the news article published in The New Straits Times, page B1 on Friday, 11 May 2012, entitled “Xidelang eyes primary listing in Hong Kong”, particularly on the statements which states that:-
(i) “Xidelang Holdings Ltd (XDL)…is planning for a primary listing on the Hong Kong Stock Exchange.”
(ii)“…XDL could be delisted from Bursa Malaysia within the next 18 months.”
The Board of Directors of XDL, after having made due enquiry on the press statement, wishes to inform that the Company is exploring the possibility for seeking a dual listing on the Hong Kong Stock Exchange. In relation thereto, the Company has engaged Dow-Capital, a financial advisory company in Hong Kong, to evaluate the possibility of dual listing. However, the Company has no intention to delist from Bursa Malaysia Securities Berhad (“Bursa Securities”).
XDL will make the appropriate announcement to Bursa Securities in a timely manner in accordance with Bursa Securities’ Listing Requirements, should there be any further development on this matter. |
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We refer to the above article appearing in the The New Straits Times, Page B1
on Friday, 11 May 2012, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which are reproduced as follows:-
(i) "Xidelang Holdings Ltd (XDL) ... is planning for a primary listing on the
Hong Kong Stock Exchange."
(ii)"... XDL could be delisted from Bursa Malaysia within the next 18 months."
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly
furnish Bursa Securities with an announcement for public release confirming or
denying the above reported article in particular the underlined sentence after
due and diligent enquiry with all the directors, major shareholders and all
such other persons reasonably familiar with the matters about which the
disclosure is to be made in this respect. In the event you deny the above
reported sentence or any other part of the article, you are required to set
forth facts sufficient to clarify any misleading aspects of the same. In the
event you confirm the above reported sentence or any other part of the article,
you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply immediately.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax) |
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