IHD Holdings has submitted a formal application to the Hongkong stock exchange for resumption of trading in its shares and warrants.
IHD, whose shares have been suspended since March 25, said the application was submitted last Thursday by an independent director of the company, Mr Frank Chao.
IHD legal and administration officer Heidi Chu said Mr Chao's decision to seek the resumption of trading was based on a final report commissioned by financial adviser Standard Chartered Asia.
The report gave a complete review of IHD's operations and financial position.
It took into account the audited yearly results of the company published in December.
Ms Chu said publication of the results in December instead of September as scheduled was the result of the auditors of associated company American Global Assurance being unable to provide IHD's auditor, Deloitte Touche Tohmatsu, with audited financial statements and related information in time.
The company saw a 30 per cent profit fall to $41.5 million for the year to March 1992, and a profit of just $1.4 million for the following six months, which it said was due to the ''voluntary suspension of trading in its securities''.