Versions

 

18.23

Where any of the percentage ratios (as defined under rule 19.04(9)) of any properties held for development and/or sale or for investment purposes held by the group exceeds 5%, the following information:

(1) in the case of property held for development and/or sale:—
(a) an address sufficient to identify the property, which generally must include the postal address, lot number and such further designation as is registered with the appropriate government authorities in the jurisdiction in which the property is located;
(b) if in the course of construction, the stage of completion as at the date of the annual report and financial statements;
(c) if in the course of construction, the expected completion date;
(d) the existing use (e.g. shops, offices, factories, residential, etc.);
(e) the site and gross floor area of the property; and
(f) the percentage interest in the property.
(2) in the case of property held for investment:—
(a) an address sufficient to identify the property, which generally must include the postal address, lot number and such further designation as is registered with the appropriate government authorities in the jurisdiction in which the property is located;
(b) the existing use (e.g. shops, offices, factories, residential, etc.); and
(c) whether the property is held on short lease, medium term lease or long lease or, if situated outside Hong Kong, is freehold; and
(3) such other details as may be prescribed or requested from time to time by the Exchange, provided that if, in the opinion of the directors of the listed issuer, the number of the properties is such that compliance with this rule would result in particulars of excessive length being given, compliance with this rule shall not be required except in the case of properties which in the opinion of the directors are material.