Skyfame Realty issues Q1-2026 resumption update; restructuring talks continue as 30 September 2026 delisting deadline looms

Bulletin Express
04/08

Skyfame Realty (Holdings) Limited (In Liquidation) released its latest quarterly progress report on 8 April 2026, detailing the status of its restructuring efforts and the conditions it must meet to lift the ongoing trading suspension of its shares and seven tranches of listed debt.

Restructuring progress • A Bermuda winding-up order was granted on 14 November 2025. • The court-appointed Joint and Several Provisional Liquidators (JPLs) have circulated expressions of interest to multiple prospective investors and are evaluating alternative investment structures and restructuring frameworks. • Negotiations remain in progress; no binding proposal has been reached, and no assurance can be given that a transaction will materialise.

Resumption guidance from the Stock Exchange The Hong Kong Stock Exchange informed Skyfame Realty on 2 December 2025 that trading can resume only after the company: 1. Has the Bermuda winding-up order withdrawn or dismissed and the liquidators discharged. 2. Publishes all outstanding financial results and resolves any audit modifications. 3. Demonstrates compliance with Listing Rule 13.24 (sufficient operations and assets). 4. Discloses all material information needed for investors to assess the company’s position. 5. Re-complies with corporate governance and management requirements under Rules 3.10(1), 3.10(2), 3.10A, 3.21, 3.25, 3.27A, 3.28 and 13.92.

Potential delisting timeline Under Rule 6.01A(1), securities suspended for 18 consecutive months face cancellation. For Skyfame Realty, this deadline falls on 30 September 2026. Failure to meet the resumption guidance by that date will prompt the Listing Division to recommend delisting to the Listing Committee.

Trading status • Debt securities were suspended on 28 June 2022. • Shares were suspended on 1 April 2025. Both remain halted until further notice.

The company will release additional updates as material information becomes available. Shareholders and investors are advised to exercise caution when dealing in any securities of Skyfame Realty.

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