Straits Petrochemical (00852) received guidance from the Stock Exchange to resume trading and continued to suspend trading

According to the Zhitong Finance App, Straits Petrochemical (00852) issued an announcement. On March 4, 2025, the company received a letter from the Stock Exchange. Among them, the China Stock Exchange has formulated the following guidelines (resumption guidelines) on the resumption of stock trading.

According to the guidelines for resuming trading, the Company is required to:

(a) Conduct independent forensic investigations into such matters, assess the impact on the Company's business operations and financial situation, publish the findings of the investigation, and take appropriate remedial action;

(b) Proving that the integrity, ability and/or character of the Group's management and/or any person having a significant influence on the management and operation of the Company does not have reasonable regulatory concerns that could pose a risk to investors and damage market confidence;

(c) Conduct an independent internal control review and prove that the Company has sufficient internal controls and procedures to meet the requirements of the listing rules;

(d) publish all unannounced financial results and process any audit revisions as required by the listing rules;

(e) certify that the Company has complied with Rule 13.24 of the Listing Rules; and

(f) Disclose all material information to the market for shareholders and other investors of the Company to assess the status of the Company.

Furthermore, trading of the company's shares continues to be suspended.