China Longtian Group(01863.HK) announced that during the twelve months ended December 31, 2018, the Group has been operating normally and its financial position is healthy. As announced earlier, the Group has applied for a patent in China for the development of its zero-formaldehyde super-core floor, and the application is still subject to approval by the State Intellectual Property Office. Zero formaldehyde super core flooring will become the main source of growth for the group.
The board of directors has receivedshareholderCompanyResumption of tradingA large number of queries for the progress of the application. Yu BenannouncementOn the date, it was informed that the SFC still considered the company's proposal to resolve the matter and reinstate the purchase of the company's shares, and did not receive any of the above-mentioned adverse opinions of the SFC.
In addition, the company's shares will continueSuspension.
(Article source: Gloem)