On July 6, 2006, the Exchange implemented a trading suspension on the shares of Steniel Manufacturing Corporation (“STN” or the “Company”) pursuant to the Exchange’s Implementing Guidelines on Companies Under Corporate Rehabilitation in connection with the authority granted by shareholders of STN to enter into rehabilitation proceedings. |
Pursuant to the Company’s submission of the structured reportorial requirements and compliance with the requirements of the Exchange’s Rules, please be advised that the Exchange has resolved to lift the trading suspension effective April 30, 2024.
Please see Company Announcement No. C02602-2024 dated April 29, 2024 for the Company’s submission of the events that transpired from the time that STN’s shares were suspended up to present.
Further, considering that the trading of the Company’s shares was suspended since July 6, 2006, the static threshold (trading band) on the price of STN shares will be lifted upon the resumption of trading of the Company’s shares on April 30, 2024, in accordance with Article VII, Section 6 of the Revised Trading Rules of the Exchange.
For your information and guidance. |