- HaiKe Chemical Group said it would seek shareholder approval to cancel its admission to trading on AIM.

The company said that competing in a highly competitive market requires access to 'significant injection of capital,' which could be secured more easily if it were no longer admitted to AIM.

The company cited the operational burden of maintaining its admission to trading on AIM as an additional reason for its decision.

An exit facility was said to be in place to enable shareholders - unable to hold unquoted shares - to sell their ordinary shares immediately following the Extraordinary General Meeting.

At 9:45am: [LON:HAIK] HaiKe Chemical Group Ltd share price was +9p at 27.5p

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