Friday February 21 2014
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2014/1402212news.htm
The Stock Exchange of Hong Kong Limited (SEHK or the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), has published amendments to its Listing Rules to set out the method by which its annual listing fees for Hong Kong incorporated issuers will be calculated when Hong Kong’s new Companies Ordinance (New Companies Ordinance) comes into effect on 3 March 2014.
SEHK`s annual listing fees are currently calculated by reference to the nominal value of an issuer`s securities which are or are to be listed on the Exchange. However, the concept of nominal (par) value will be abolished under the New Companies Ordinance, which will affect Hong Kong incorporated issuers.
Click on the above link for further details.