The decision to voluntarily delist the Company’s common shares from the TSX and list on NEX was made by the board of directors of Hanwei subsequent to the sale of the undertaking of the Company and cessation of operations, because NEX provides listings for inactive issuers, and offers a cost-effective solution for the Company to maintain a listing of its common shares on an acceptable alternative trading market.
About
Hanwei’s principal business is the identification and evaluation of assets or businesses for future merger and acquisition after the sale of its oil & gas business and FRP pipe business.
For more information, please contact:
Chief Financial Officer
604-685-2239
mma@hanweienergy.com
Neither the
FORWARD-LOOKING INFORMATION AND NON-GAAP MEASURES
Certain information in this press release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions a description of which is set out in the risk factors section of the Company’s Annual Information Form dated
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE PRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, THE COMPANY DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION.
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