PAM & Frank International Holdings, which has been suspended from trading in the stock market since June 18, will apply to resume trading next month. It said this would take place after a report prepared by accountancy Ernst & Young was submitted to the company, the stock exchange and the Securities and Futures Commission by November 4. Ernst & Young is looking into allegations brought against Pam & Frank about certain alleged mis-statements in the company's listing prospectus issued on September 1 last year. In June, police ordered a search of the company. Pam & Frank chairman and chief executive Frank Yeung kai-fai said someone had demanded money in exchange for not disclosing alleged mis-statements in the prospectus. Pam & Frank's shares last traded at $1.90, up 90 per cent from their issue price of $1. The company said it would hold a board meeting on October 21 to consider its results for the year ended March 31. It said the delay in releasing the results was mainly due to difficulties encountered by the company and its auditors in gaining access to its books and records for the period under review and subsequent financial information.