Hong Kong Listing Rule Changes on Delisting effective 1 August
A new delisting framework will take effect on 1 August 2018, subject to the legislative process, under amendments to the Main Board Listing Rules (MB Rules) and GEM Listing Rules (GEM Rules) of the Hong Kong Stock Exchange (the Stock Exchange or HKEx). The HKEx Listing Rule changes address concerns about prolonged trading suspensions and, as detailed in the Stock Exchange’s Consultation Conclusions on Delisting and other Rule Amendments published 25 May 2018, adopt the vast majority of proposals set out in its September 2017 Consultation Paper. Minor changes were made to the original proposals to reflect comments received during the consultation process. Read More…