HK exchange rejects CNMC Goldmine's dual listing application
It says company unable to meet minimum market cap and unlikely to create liquidity for its shares
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Singapore
HONG Kong's stock exchange has rejected Catalist-listed CNMC Goldmine's application for a dual listing on its mainboard, citing the company's inability to meet the minimum market capitalisation and create liquidity for the company's shares in Hong Kong.
According to the gold miner's Singapore Exchange filing on Monday, the Stock Exchange of Hong Kong's (SEHK) listing committee noted that CNMC's current market capitalisation is less than the minimum market capitalisation requirement of HK$500 million (S$87.7 million) under its mainboard listing rules.
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