Listing Rules and Guidance: Contents


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A "passive investor" is a substantial shareholder of the listed issuer and/or any of its subsidiaries that:

(1) is a sovereign fund, or a unit trust or mutual fund authorised by the Securities and Futures Commission or an appropriate overseas authority; and
(2) has a wide spread of investments other than the securities of the listed issuer's group and the associate that enters into the transaction with the listed issuer's group.