Lianzhong Faces 2027 Delisting Deadline Under Hong Kong Exchange Reinstatement Conditions

Lianzhong (6899) said it must complete all reinstatement conditions by September 3, 2027 under guidance issued by the Hong Kong Stock Exchange, or the exchange may recommend delisting, according to ETNet. The company said the joint and several provisional liquidators still do not have enough books and records to determine the group’s financial position, asset position and operating condition. It added that the board chairman and several directors later said they no longer held the company’s books and records, making it difficult to obtain the relevant documents. Lianzhong said the provisional liquidators will continue to seek control of the group’s books, records and assets to allow further investigation into the company’s affairs. The stock has been suspended since March 4 and will remain halted until further notice.