Hong Kong’s New Delisting Regime reduces Prolonged Suspensions
The HKEX listed company delisting process was accelerated from August 2018 to deal with angst over long suspensions of listed companies. A fixed period delisting criterion now applies to delist companies failing to sort out the issues that led to their suspensions within a prescribed fixed period of continuous suspension. From now on, the HKEX can step in to delist an issuer immediately in certain circumstances.