[Federal Register Volume 63, Number 14 (Thursday, January 22, 1998)] [Notices] [Pages 3362-3363] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-1490] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Issuer Delisting; Notice of Application to Withdraw From Listing and Registration; (Hawaiian Electric Industries, Inc., Common Stock, Without Par Value) File No. 1-8503 January 15, 1998. Hawaiian Electric Industries, Inc. (``Company'') has filed an application with the Securities and Exchange Commission (``Commission''), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to withdraw the above specified security (``Security'') from listing and registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange''). The reasons cited in the application for withdrawing the Security from listing and registration include the following: The Security of the Company currently is listed for trading on both the PCX and the New York Stock Exchange, Inc. (``NYSE''). The Company has complied with the rules of the PCX for delisting its Security by filing with the Exchange a request for delisting, together with a certified copy of the board resolution authorizing the delisting from the PCX, and by setting forth in detail to the Exchange the reasons and facts supporting the proposed withdrawal. [[Page 3363]] In making the decision to withdraw its Security from listing on the PCX, the Company considered the expense of maintaining the dual-listing of its Security on the PCX and the NYSE. The Company does not see any particular advantage in the dual-listing of its Security, since trading in the Security on the PCX has come to represent a very small portion of the Company's total trading volume. By letter dated December 5, 1997, the PCX informed the Company that it had no objection to the withdrawal of the Company's Security from listing on the PCX. By reason of Section 12(b) of the Act and the rules thereunder, the Company shall continue to be obligated to file reports under Section 13 of the Act with the Commission and the NYSE. Any interested person may, on or before February 5, 1998, submit by letter to the Secretary of the Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether the application has been made in accordance with the rules of the Exchange and what terms, if any, should be imposed by the Commission for the protection of investors. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter. For the Commission, by the Division of Market Regulation, pursuant to delegated authority. Jonathan G. Katz, Secretary. [FR Doc. 98-1490 Filed 1-20-98; 8:45 am] BILLING CODE 8010-01-M