True. Except there doesn’t seem to be any benefit to holding the stock either.
True. Except there doesn’t seem to be any benefit to holding the stock either.
According to the link below Peace Map Holding Limited (HK:402) is (or was at the time the link was posted) in liquidation.
It's a Cayman Islands company so the relevant law is (I think!) that of the Cayman Islands but my rather foggy recollection is that under Hong Kong law, transfers of shares of a company in liquidation require the approval of the liquidator (or the court once winding up has commenced). If that is the position under Cayman Islands law, you may not be able to transfer the shares. However, once the company is formally wound up and struck off, you would cease to be a shareholder anyway as the company would no longer exist.
An on-line search at the Companies Registry in Hong Kong may give you some additional information.
https://www.irasia.com/listco/hk/peacemap/index.htm
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I am required to make regular disclosures to my employer about my stock holdings, so I am just trying to avoid that admin process.
The company is likely in liquidation (as traineeinvestor points out), so no turnaround is likely here.
Thank you very much for finding this information. I had seen their past HKSE announcements, and it seems this company was "in liquidation" for quite some time. I'm not sure how they could remain listed despite being "in liquidation".
I wonder if I should contact their auditors or send a letter to their registered office (assuming it still exists) to see what's happening with the company...
Possibly the next step would be to search the records at the Hong Kong Companies Registry. I'm not sure how much information will be available (?) but it should only take a few minutes. You can do this online here: https://www.icris.cr.gov.hk/csci/login_i.jsp
The Cayman Islands' Company Register also has an online search portal (which I have never used so I don't know how useful this will be): https://am.online.gov.ky/sso/XUI/?re...MAuthCookie=#/