For the purposes of aggregating transactions under rule 14.06(6)(b) and/or rule 14.22, a listed issuer must consult the Exchange before it enters into any proposed transaction(s) if
(1) any circumstances described in rule 14.23
exist in respect of such proposed transaction(s) and any other transaction(s) entered into by the listed issuer in the preceding 12-month period (except for the situation described in rule 14.23A
(2) the proposed transaction(s) and any other transaction(s) entered into by the listed issuer involve acquisitions of assets from a person or group of persons or any of his/ their associates within 24 months of such person or group of persons gaining control (as defined in the Takeovers Code) of the listed issuer (other than at the level of its subsidiaries).
The listed issuer must provide details of the transactions to the Exchange to enable it to determine whether the transactions will be aggregated.
Note: This rule serves to set out certain specific circumstances where the listed issuer must seek guidance from the Exchange before it enters into any proposed transaction(s). The Exchange may nevertheless aggregate transactions pursuant to rule 14.22 and/or rule 14.06(6)(b) where no prior consultation was made by the listed issuer under rule 14.23B.