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Listing Rules and Guidance: Contents


 
 

The HKEX Rules, Interpretation and Guidance are maintained by Thomson Reuters Governance, Risk and Compliance to organise the materials for greater accessibility. Hyperlinked cross references are now available in the HTML versions.

In the case of discrepancies between HTML and PDF versions of the HKEX Rules, Interpretation and Guidance, the PDF version prevails.

2007

Select By Rule or Topic: Download the consolidated index here

Please visit Archive to view listing decisions which have been superseded or are no longer applicable.

This section comprises decisions on cases handled by the Listing Committee and/or the Listing Division, to enhance transparency and market understanding of their interpretation of the Listing Rules. Each decision was based on its specific circumstances and is not a precedent for future cases.

Since August 2007, we have adopted a thematic approach in preparing decision series for IPO cases. Grouping decisions on cases which discuss similar topics into a common series should help readers better understand the application of the Rules. To maintain the guidance value of the decisions, we will not report on every case. Instead, only decisions that discuss novel issues or are of general guidance value will be published.

LD Series Number First Release Date (Last Update Date)
(mm/yyyy)
Listing Rules/ Topics Particulars
LD59-7 08/2007 GEM Rules 1.01, 11.23, 13.16, 13.17 Whether Company B would be regarded as a member of the public at the time of listing and whether shares held by it should be subject to lock-up in a case where Company B was entitled to hold approximately over 10% shareholding interest in Company A upon the conversion of the convertible bonds subscribed by it prior to listing

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-6 08/2007 Rules 2.03(2), (4) and (5), 3.08 Whether the special rights available to the Pre-IPO Investor complied with the principles under Listing Rules 2.03(2) and (4)

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-5 08/2007
(09/2010)
Rules 2.03(2), (4) and (5), 8.04 Whether certain special rights available only to the Bondholders under the terms of the convertible bonds would be in compliance with the general principle that all holders of listed securities are to be treated fairly and equally under Listing Rule 2.03

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-4 08/2007 Rule 2.03(4) Whether the grant of veto rights over certain major corporate matters to the Investors of the Convertible Instruments prior to listing would violate the requirement to treat all holders of listed securities fairly and equally under Listing Rule 2.03(4)

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-3 08/2007 Rule 2.03(4) Whether the pre-IPO investment in Company A by Investor A would fulfill the requirement under Listing Rule 2.03(4) that all holders of listed securities are to be treated fairly and equally

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-2 08/2007 Rule 2.03 Whether the guaranteed discount to the IPO price of the mandatory Convertible Bonds and the negative pledge under the non-mandatory Convertible Bonds available only to the Convertible Bondholders would violate the fair and orderly principle and the requirement to treat all holders of listed securities fairly and equally under Listing Rule 2.03

(Withdrawn on 25/10/2012; Superseded by GL43-12)
LD59-1 08/2007 Rule 2.03 Whether certain rights granted to Investor X would be permitted to continue after listing, given that the rights were not generally available to other shareholders of Company A and the nominated directors' compliance with such rights might, in certain circumstances, conflict with the duty of directors to act in the best of the interests of shareholders as a whole at all times

(Withdrawn on 25/10/2012; Superseded by GL43-12)