ET Net News Agency reported on the 13th: According to a Hong Kong Exchange announcement, pursuant to section 8(1) of the Securities and Futures Ordinance, The Stock Exchange of Hong Kong Limited has, upon instruction from the Securities and Futures Commission, suspended trading of Chabaidao (02555) shares with effect from this morning. Chabaidao was trading at HK$4.035 before suspension.

  Section 8(1) of the Securities and Futures (Listing) Rules grants the Hong Kong Securities and Futures Commission statutory power to directly instruct the Hong Kong Exchange to suspend trading of any securities. The SFC may instruct a suspension of trading for four main reasons: first, if the listing documents or announcements disclosed by the issuer contain false, incomplete or misleading information in a material respect; second, if the SFC considers that a trading suspension is necessary or appropriate to maintain a fair and orderly market for the securities; third, if such action is in the public interest or protects the interests of investors generally; and fourth, if the issuer has failed to comply with relevant listing requirements. (am)