Imperial Pacific International Holdings Limited (In Liquidation), a Hong Kong-listed company and Saipan casino operator, has announced its delisting from the Hong Kong Stock Exchange (HKEX).
According to its statement, the last trading day for the company's shares will be 14 June 2024. Effective from 9:00am on 17 June 2024, the shares will no longer be listed or tradeable on the Stock Exchange.
The announcement has been made following a series of updates and changes within the company, including the suspension of trading in April 2022, various changes in the company's directors and officers and the ongoing liquidation process announced in April 2024.
The casino operator has also advised its shareholders and investors to take note of these changes, and the subsequent impact on their holdings.
Imperial Pacific received its licence suspension warning in 2021, with its licence actually suspended in 2022 after failing to pay a penalty, thus owing the Commonwealth Casino Commission at least several millions of dollars in value.
With the Commonwealth Casino Commission’s dissolution in 2023 due to the covid-19 pandemic, talks to restore Imperial Pacific’s licence were halted. Imperial Pacific's latest update was always a possible outcome following its financial issues after the Covid-19 pandemic.
