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20 Feb 2020
Cancellation of the Listing of the Ordinary Shares
The Directors have decided to delist the Company since it has no active business and no source of business income. The Directors believe that in order to reconstruct the Company's business, for the benefit of all shareholders, it is necessary to cancel the listing of the Company. The cancellation of the listing is expected to take effect on 27 Mar 2020.
The costs of reconstruction when the Company is listed, albeit suspended, would be prohibitive. Therefore the cancellation of the listing at this time will benefit all shareholders and creditors as it will enable the Company to avoid insolvency and the costs related thereto.
The Directors have decided that it is not necessary to seek approval of shareholders for the cancellation thereby saving further unnecessary costs. Even after the cancellation of the listing, the Company remains a public limited company and shareholders will be kept informed of the activities in the same manner as before.
For any further information relating to the above, the shareholders are requested to contact the following:
Robert Lee, Director robert@interasialawoffices.com
AKM Ismail Consultant akm.ismail@gmail.com
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Cancellation of Listing - RNS
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World Trade Systems plc published this content on 20 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2020 12:45:01 UTC
