The Securities Commission has granted an application by Sunwah International Limited for the company to cease being a reporting issuer in Canada. This decision is based on several key factors:
1. Sunwah International Limited is not an OTC reporting issuer under Multilateral Instrument 51-105.
2. The company’s securities are held by fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 holders worldwide.
3. The company’s securities are not traded on any public marketplace or facility where trading data is publicly reported in Canada or any other country.
4. The company has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently holds that status.
5. The company is not in default of any securities legislation in any jurisdiction.
The decision was made in accordance with the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The British Columbia Securities Commission acted as the principal regulator for this application, and the order also reflects the decision of the securities regulatory authority in Ontario. The order meets the legislative requirements for the company to cease being a reporting issuer.