Past version: Effective up to 10 Jul 2019
(1) The Exchange may remove an issuer from its Official List (without the agreement of the issuer) if:
(a) the issuer is unable or unwilling to comply with, or contravenes, a listing rule;
(b) in the opinion of the Exchange, it is necessary or expedient in the interest of maintaining a fair, orderly and transparent market;
(c) the issuer does not have a sponsor for more than 3 continuous months;
(d) in the opinion of the Exchange, it is appropriate to do so; or
(e) the issuer has no listed securities.
(2) If the Exchange exercises its power to remove an issuer from the Official List, the issuer or its controlling shareholder(s) must comply with the requirements of Rule 1308. For the purposes of Rule 1308, a reasonable exit offer may include a voluntary liquidation of the issuer's assets and distribution of cash back to shareholders.