[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]


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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