Tightened Hong Kong Listing Rules on Capital Raisings by Listed Issuers Effective 3 July 2018

Julia CharltonPartner, Charltons

Tightened Hong Kong Listing Rules on Capital Raisings by Listed Issuers Effective 3 July 2018

Changes to the Listing Rules of the Hong Kong Stock Exchange (HKEx) will take effect on 3 July 2018.  These implement the proposals suggested by HKEx in its September 2017 Consultation Paper on capital raisings by listed issuers aimed at restricting practices by listed issuers which result in unfair treatment of minority shareholders that HKEx considers to negatively affect an orderly market for securities trading.  For more details of the consultation paper, please see Charltons’ November 2017 newsletter. HKEx published its Consultation Conclusions on the proposals, and further amendments to the HKEx Listing Rules, on 4 May 2018. Read more…


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