China Shanshui Cement Group Ltd said the Hong Kong stock exchange would seek to delist the firm if it was not able to restore a minimum public float of 25 per cent of its issued share capital by the middle of next year.
The cement producer has been embroiled in a bitter boardroom battle involving investors and executives, and has been suspended from trading in the past two-and-a-half years, according to Reuters.
The stock exchange had warned the company that it would have until 30 June 2018 to restore its minimum public float and to resume share trading within a reasonable period of time, the cement maker said. Otherwise, the listing would be cancelled by the stock exchange, a move to which China Shanshui Cement would object.
The stock exchange declined to comment on the case.
