HKEx Amends Russia Country Guide for International Companies
The Hong Kong Stock Exchange (HKEx) amended its country guide for Russia in March 2019 to provide for Russian listing applicants which are “international companies” under Russian law. The crucial difference between Russian “international companies” and Russian joint stock companies, for which the HKEx’s Russia country guide previously catered, is that “international companies” can issue shares in certificated form, whereas joint stock companies seeking to list, can only list uncertificated shares. Read More…