Positive cashflow from operating activities of at least HK$100 million in aggregate for the three preceding financial years Note: The Exchange may accept a shorter trading record period and/or may vary or waive the above profit or other financial standards requirement. For further details, please...
financial year Cashflow - - Positive cashflow from operating activities of at least HK$100 million in aggregate for the three preceding financial years Note: The Exchange may accept a shorter trading record period and/or may vary or waive the above profit or other financial standards requirement...
Any change to those positions/nature of shares interest must be notified within three days of the event triggering the disclosure requirement. Companies need to maintain registers documenting this information and to report the location of these to the registers. The Hong Kong Companies Ordinance dictat...
news agencies and internet-relatedservices Key Hong Kong listing requirements:○ three financial criteria: (1) the profit test ; (2) the market capitalisation/revenue test; or(3) the market capitalisation/revenue/ cashflow test○ A 3-year track record period requirement is usually applied to a...
voting rights: members who are required under the Listing Rules to abstain from voting on any particular resolution or restricted to voting only in respect of any particular resolution must not cast any vote in contravention of this requirement or restriction; b. 表决权:《上市规则》要求对...
Hong Kong’s listing regime for SPAC is more stringent than that of other jurisdictions, where publication of listing documents is required for both the listing of SPAC and the completion of De-SPAC Transaction. Therefore, the SPAC regime in Hon...
They may seek to enforce their rights through commencing legal proceedings in (i) a court of the issuer's place of incorporation or (ii) a Hong Kong court; removing the requirement for PRC issuers’ articles to include the Mandatory Provisions and other ancillary provision...
it must set up a nomination committee and/or appoint appropriate members to the nomination committee to meet the requirement(s) within three months. From 1 April 2022, if the listed issuer fails to set up a nomination committee, it must immediately publish an announcement containing the relevant...
Accordingly, the proposals include detailed eligibility and suitability criteria for determining appropriate applicants, a higher market capitalization requirement, enhanced disclosure requirements as well as restrictions on fundamental changes of business. ...
in respect of offers to existing securities holders. There is currently no Listing Rule requirement on how subscription monies must be paid to issuers in respect of such offers. While an option for electronic payment should be provided, securities holders will remain fre...