The Stock Exchange maintains the suspension decision for FE HLDGS INTL

FE HLDGS INTL (00036.HK) announced that it received a notice from the Stock Exchange, stating that the Listing Committee has decided to maintain the suspension of trading in the company's shares based on Rule 6.01(3). The company is currently reviewing the committee's decision and conducting internal discussions, and will consider whether to request that the committee's decision be submitted to the Listing Review Committee for review.

The Listing Committee believes that the company has been operating its main business of property investment in a passive manner and maintains a small number of employees; the company has not demonstrated a clear strategy to maximize rental income and has repeatedly attributed its thin profits over the past few years to external adverse factors. Due to the limited value-added services provided to tenants, the property investment business has generated only minimal income, insufficient to offset the rising financing costs, resulting in continuous losses in this business segment.

The company has previously proposed to acquire businesses of different natures, such as hotel operations and property-related services, for which the company lacks relevant management expertise. Overall, the Listing Committee believes that the company's business lacks substantive content, feasibility, and sustainability