HKEx is proposing to abolish the requirement to cancel repurchased shares. As a result, listed companies will be permitted to hold repurchased shares in treasury for future resale, if permitted under the laws of their place of incorporation. Many of the most popular jurisdictions of incorporation ...
In its conclusions to a market consultation process held in late 2023, the Stock Exchange of Hong Kong Limited (HKEx) has announced it will permit listed companies to hold their own shares as treasury shares and introduced rules for companies’ resale of treasury shares. The new rules will be...
[7]Also applies to a resale of treasury shares by a listed company or its subsidiary through an agent or nominee. HKEX clarifies in the Consultation Conclusions that the requirements would not apply to a sale of shares by the trustee of a listed company's share scheme if those shares are ...
HKEX adopts the proposal that a resale of treasury shares shall be: subject to preemption similar to an issuance of new shares under the Listing Rules and be offered to all shareholders on a pro rata basis; or approved by shareholders under a specific mandate or a general mandate approved...
[3]证监会,证券及期货条例第XV部的概要 – 披露权益 [4]《应用指引 26》── 有关《公司收购、合并及股份回购守则》适用于库存股份的指引注释 [5]有关上市发行人于中央结算系统持有或存放库存股份的安排指引,HKEX- GL 119-24。 [6]见常问问题9.2 编号4。 [7] 见常问问题9.2 编号7。
Operational Efficient:listed on HKEx with intraday liquidity and minimal operational hassle Cost Efficient:ongoing expenses of only 0.28% p.a. Fund Objective and Investment Strategy The investment objective of the ETF is to provide investment results that, before fees and expenses, closely correspond ...
Estimated NAV is indicative only and is calculated by and disseminated on a 15-second delayed basis by Solactive AG, and is updated during trading hours of the HKEX. The near real time estimated NAV is in USD and HKD which are indicative and for reference purpose only. The near real time...