Listing Rules and Guidance: Contents
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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.
Effective from 1 January 2011, listing decisions will be published under a new naming format as illustrated below:
|Before 1 January 2011||On or After 1 January 2011|
Listing decisions published before 1 January 2011 continue to bear the old references.
|LD Series Number||
|Listing Rules/ Topics||Particulars|
|LD117-2017||11/2017||Main Board Rule 8.04 and Paragraph 3(c) of Practice Note 15||Whether Company A (excluding its interest in Newco) could meet the new listing requirements of Chapter 8 of the Main Board Rules|
|LD116-2017||11/2017||Main Board Rules 6.01(3) and 13.24, and Practice Note 17||Whether Company A had a sufficient level of operations or sufficient assets to meet Main Board Rule 13.24|
|LD115-2017||11/2017||Main Board Rules 6.01(3) and 13.24, and Practice Note 17||Whether Company A had a sufficient level of operations or sufficient assets to meet Main Board Rule 13.24|
|LD114-2017||10/2017||Main Board Rules 2.03, 2.06, 6.01, 6.04 and 6.10||Whether Company A was no longer suitable for listing|
|LD113-2017||10/2017||Main Board Rules 2.04, 14.06(6) and 14.54||Whether the Exchange would impose additional requirements under Rule 2.04 on Company A's proposed disposal of its original business|
|LD112-2017||10/2017||Main Board Rule 13.24||Whether Company A would have sufficient operations or assets under Rule 13.24 after a proposed major disposal|
|LD111-2017||10/2017||Main Board Rules 14A.19 and 14A.20||Whether the Exchange would exercise its power to deem Company B as a connected person of Company A under Main Board Listing Rule 14A.19|
|LD110-2017||06/2017||Main Board Rules 6.01(2), 6.04, 8.08, 13.32||Whether the Exchange would commence the procedures to cancel the listing of Company A whose shares had been suspended for a prolonged period due to insufficient public float|
|LD109-2017||06/2017||Main Board Rule 14.06(6)||Whether Company A would be required to aggregate the proposed acquisition with a previous acquisition, and whether these acquisitions would constitute a reverse takeover|
|LD108-2017||06/2017||Main Board Rule 14.06(6)||Whether Company A's proposed acquisition of the Target constituted a reverse takeover or an extreme VSA|
Main Board Rule 2.06 and Chapter 8
GEM Rule 2.09 and Chapter 11
|To provide guidance on why the Exchange rejected certain listing applications|
Main Board Rule 9.03(3)
GEM Rules 12.09 and 12.14
|To provide guidance on why the Exchange returned certain listing applications|
|LD105-2017||04/2017||GEM Rules 9.04 and 17.26||Whether Company A has a sufficient level of operations or assets to meet GEM Rule 17.26|
Main Board Rule 2.04 and Paragraph 3(f) of Practice Note 15
GEM Rule 2.07 and Paragraph 3(f) of Practice Note 3
|Whether the Exchange would waive the assured entitlement requirement for Company A's spin-off proposal|