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1220 — Zhidao International (Holdings) News Story

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BUZZ -Aluminium trader Zhidao soars, asks HKEX to review delisting decision

** Shares of Zhidao International (Holdings) Ltd  1220.HK 
jump as much as 162 pct to HK$0.64, the highest since Oct. 22,
after the aluminum products trader requests the Hong Kong stock
exchange to review its decision to delist the company 
    ** The stock, which topped the biggest percentage gainers,
later trims gains to HK$0.495, still up 103 pct 
    ** Co, with market value of $118 mln, says it has asked the
listing committee of the Hong Kong bourse to review the decision
to suspend its shares and proceed with the cancellation of its
listing (https://bit.ly/2D6liqN)
    ** The Hong Kong bourse notified Zhidao in October of its
decision to suspend its stock and cancel its listing as the
firm's aluminium products supply and loan financing business are
small and it has not demonstrated they are sustainable
    ** The stock has fallen 83 pct since then to an all-time low
of HK$0.104 on Oct. 29
    ($1 = 7.8345 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)

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