Thursday September 28 2017
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Hong Kong
Link: http://www.hkgem.com/eng/newsconsul/hkexnews/2017/170922news.htm
As part of an ongoing consultation process, the Hong Kong Stock Exchange has asked for traders to submit proposals and opinions on the terms of its proposed Listing Rules.
The new Rules will amend previous Regulation and will focus on issues such as Capital Raising by Listed Issuers and Delisting Framework.
The changes to delisting processes will allow the Exchange to (i) publish a delisting notice and give the issuer a period of time to remedy the relevant issues to avoid delisting, or (ii) delist the issuer immediately in appropriate circumstances.
The Exchange has stressed that all submissions be made before the 24th November 2017. All submissions and opinions will form the basis of a new consultation paper on the proposed rules.
For additional information please click the link above