CHAPTER 1 INTRODUCTION PART I SCOPE OF CHAPTER 101 A principal function of the Exchange is to provide a fair, orderly and transparent market for the trading of securities.102 This Manual sets out the requirements which apply to issuers, the manner in which securities are to be offered, and...
the Bank's connected persons to the Bank under normal commercial terms with no security over the assets of the Bank granted in respect of the deposits, and are exempt from the reporting, announcement and independent shareholder's approval requirements under Rule 14A.65(4) of the Listing Rules....
8. Chapter 14 governs an issuer’s transactions, including acquisitions or disposals of assets having material impacts on its financial position. 9. Rule 14.07 sets out five percentage ratios for assessing the impact of a transaction on an issuer. They form the basis for classifying the transacti...
Chapter 17 currently limits grants of share options from all share option schemes of an issuer to 10% of its total issued shares. Under the rule amendments, the current 10% scheme mandate limit shall apply to all Share Schemes, and a scheme mandate...
FACTS 1.The Offeror made a cash offer to acquire the Target’s shares from its existing shareholders.2.Company A held 15 per cent interests in the Target as an investment and was considering whether to accept the offer. It had a very short timeframe to make an acceptance. Its majority...
h. Apply Chapter 17 to Share Schemes of a Principal Subsidiary. Share Grants under Share Schemes of other subsidiaries will be subject to Chapters 14 and/or 14A requirements. The Rule amendments relating to share schemes will come into...
Following our role in OPUS / Left Field's listing, we also advised Altus Capital Limited as the sole sponsor on the Hong Kong law aspects of the listing of Dragon Mining on the Main Board of the HKEX. That listing was effected under Chapter 18 of the Listing Rules. ...
Under Rule 18.09, an MC proposing to acquire or dispose of assets which are solely or mainly Mineral or Petroleum Assets as part of a Relevant Notifiable Transaction (i.e. transactions which are classed as “major” or above under Chapter 14 of the Listing Rules) must: (i) comply with ...
h. Apply Chapter 17 to Share Schemes of a Principal Subsidiary. Share Grants under Share Schemes of other subsidiaries will be subject to Chapters 14 and/or 14A requirements. The Rule amendments relating to share schemes will come into effect on 1 January 2023. Issuers may adopt the amended ...
defined under Rule 14.07 of the HongKongListingRules) in respect of the Transaction exceeds 0.1% but is less than 5%, accordingly, such Transaction is subject to the reporting and announcement requirements, but is exempt from the independent shareholders’ approval requirement under Chapter 14A of th...