The HKEX proposes changes to the listing rules of the Main Board to accommodate new economy companies that use weighed voting rights (WVR), as well as pre-revenue companies, to broaden the issuer base and diversify the capital market. Companies with WVR structures would be required to have a ...
Chapter 19of the Main Board Listing Rules andChapter 24of the GEM Listing Rules provide the general framework applicable to all overseas companies seeking a listing on the Exchange. Main Board Rule 19.05(1)(b) and GEM Rule 24.05(1)(b) and the explanatory notes thereto set out the shareholde...
(X) Offering Mechanism: Main Board GEM A new applicant may not list by way of placing only if there is likely to be significant public demand for its securities. The Main Board Listing Rules set out certain procedures to be adopted in the allocation of shares in initial public offerings. ...
Following the introduction of the Hong Kong Stock Exchange’s (“HKEx”) Environmental, Social and Governance Reporting Guide (“ESG Reporting Guide”) listed in Appendix 27 of the Main Board Listing Rules and Appendix 20 of the GEM Listing Rules, many organizations, listed companies in particular...
SEHKMainBoard SEHKMAINBOARD HongKongStockExchangeListingCriteria UnderCurrentSEHKListingRules Notes 1.“Revenue”meansrevenuearisingfromtheprincipalactivitiesofthenewlistingapplicant.Itemsofrevenueandgainsthatariseincidentallywillbe excluded.Further,revenuearisingfrom“book”transactions,suchasbannerbartertransactionor...
In compliance of Rule 3.10(1) of the HK Listing Rules, the Board currently comprises four independent non-executive Directors, namely David Comba, Julie Oates, Mar k Searle and Wu Yuan, representing more than one-third of the Board. Pursuant to Paragraph 12B of Appendix 16 to the HK ...
(4) Use of Raised Proceeds from H Share Offering Since the Listing Date of H Shares, the H Shares has been listed on the main board of the Hong Kong Stock Exchange. The Company offered 265,000,000 H Shares in total in the Global Offering. After reducing underwriting commissions and ...
board of directors of the listed issuer and, insofar as applicable: (Note 9) (i) all money due to the listed issuer in respect of the issue of securities has been received by it; (ii) all pre-conditions for the listing imposed by the Listing Rules under "Qualifications of listing" ...
For unprofitable firms currently to be listed on the main board, they need to biotech firms who have at least HK$4 billion in valuation, with at least HK$500 million in revenue annually. Meanwhile, Hui said the government has been discussing with authorities in the Qianhai economic zone of ...
She specializes in initial public offerings (IPO) and she has advised many listing applicants and sponsors in listings on the Main Board and GEM of the Hong Kong Stock Exchange. In few years’ time, Angel has successfully completed more than 25 IPO projects, including the listing of H-share...