WENYE GROUP (01802): Listing Review Committee Upholds Decision to Suspend Trading, Effective December 5

Stock News
Dec 05, 2025

WENYE GROUP (01802) announced that on December 4, 2025, the company received a letter from the Listing Review Committee. After considering submissions from both the company and the Listing Division, including arguments presented during the hearing, the committee determined that the company failed to demonstrate sufficient operational scale or asset value to support its business under Rule 13.24 of the Listing Rules. Specifically, WENYE GROUP could not prove its operations were substantive, viable, or sustainable. Consequently, the Listing Review Committee upheld the Listing Committee's decision to suspend trading of the company's shares under Rule 6.01(3), citing non-compliance with Rule 13.24. Trading of the company's shares will be suspended effective 9:00 a.m. on December 5, 2025.

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