Mandarin Resources Corp says it has applied to the stock exchange to end a suspension of more than nine years and resume trading in its shares. Company chairman Chim Pui-chung called for the resumption of trading and is expected to make a further announcement today. The 10th anniversary of suspension of trading in Mandarin shares will be on November 17. The company's shares were suspended after directors were unable to acquire records to complete an annual report, it was said at the time. The Listings Committee is unlikely to approve resumption of trading in the shares unless new information has been provided by the company, according to sources close to the exchange. 'We will pass the submission to the committee and they will consider it,' an exchange spokesman said. After such a long suspension, the exchange may want to treat the company as a new listing and demand a full disclosure. At the end of 1986, two director - David Cheng Heng-soon and Wee Liang-koi - were accused by the company of misappropriating about S$6.78 million (then HK$24.14 million) in a deal where Mandarin bought two properties from Lucky Man Properties, another Hong Kong-listed company. The company also had made huge write-offs blamed on mismanagement and the collapse of a Singapore subsidiary. The litigation eventually was settled by the transfer of the assets to Mandarin by Lucky Man in 1991. In the same year Mr Chim, the Legislative Councillor for the financial services functional constituency, acquired 74 per cent of Mandarin. Mr Chim last night said he thought trading should resume and blamed the Securities and Futures Commission for the continued hiatus. 'For the benefit of the minority shareholders, share trading should resume. Net asset value is around $140 million,' he said. Mandarin announced that profit rose 5.8 per cent to $5.63 million in the six months to December 31, compared with $5.32 million a year earlier. Turnover surged 43.7 per cent to $100.16 million from $69.66 million. Earnings per share were 29.9 cents on a fully diluted basis, compared with 28.2 cents previously. The company said it would expand its property interests and dispose of the unprofitable building-material business to provide a steady income.