Cable & Wireless of Britain is removing its secondary listing on the Hong Kong stock exchange because of the low liquidity of its shares in the market.
The company said the de-listing did not constitute a withdrawal of its commitment to the Hong Kong stock market or to its customers and staff in the SAR.
Cable & Wireless said it had repeatedly stated its confidence in the future of Hong Kong.
The company, however, said only a handful of shareholders had used the trading services in Hong Kong and the turnover level had remained low.
Cable & Wireless said its board had determined that it was not worthwhile to continue to bear the fees for the secondary listing.
The move would bolster the liquidity of the shares for Hong Kong holders after trading continues in London, the company said.
