2011
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Please visit Archive to view listing decisions which have been superseded or are no longer applicable.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.
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 |
| HKEx-LD100-1 HKEx-LD100-2 HKEx-LD101-1 |
HKEx-LD1-2011 HKEx-LD2-2011 HKEx-LD3-2011 |
Listing decisions published before 1 January 2011 continue to bear the old references.
| LD Series Number | First Release Date (Last Update Date) (mm/yyyy) |
Listing Rules/ Topics | Particulars |
| LD23-2011 | 12/2011 (04/2015) |
Rules 8.08, 13.32 | Whether the Exchange would allow Company A to resume trading when it had restored the public float to 15 per cent |
| LD22-2011 | 12/2011 (07/2014) |
Rules 1.01, 8.24, 14A.07 | Whether the Manager was a core connected person or connected person of Company A because it held shares in Company A for its clients |
| LD21-2011 | 11/2011 (10/2019) |
Rule 14.20 | Whether the Exchange would accept Company A's proposed alternative size tests to classify its disposal of interest in the Target as a discloseable transaction instead of a very substantial disposal |
| LD20-2011 | 11/2011 (10/2019) |
Rule 14.20 | Whether the Exchange would disregard the consideration ratio for Company A's disposal of interest in the Target under the offer and classify it as a major transaction instead of a very substantial disposal |
| LD19-2011 | 09/2011 (10/2013) |
Rules 3.08, 3.09 and 8.04 | How Company A's material non-compliant financing would affect its listing (Withdrawn in March 2019) |
| LD18-2011 | 07/2011 | Rule 17.03(3) — Note (1) | For the proposed share option scheme of Subsidiary B to be effective after listing, whether the Exchange would grant a waiver to allow the "10 per cent limit" be calculated based on Subsidiary B's total number of shares in issue at the time of its new listing instead of the date of Company A's general meeting to approve the scheme (Withdrawn in October 2020) |
| LD17-2011 | 07/2011 | Practice Note 15 | Whether the proposed listing of Company B on the Main Board would be a "spin-off" by Company A |
| LD16-2011 | 07/2011 (07/2014) |
Rules 14A.36, 14A.39, 14A.46 14A.92(1) | Whether the Exchange would waive certain connected transaction requirements for the possible issue of new A shares by Company X to its connected persons under a proposed public offer in the Mainland |
| LD15-2011 | 07/2011 | Rule 2.03(2) and (4) | Whether the Interim Guidance on Pre-IPO Investments applied to an issue of shares upon exercise of warrants which formed an integral part of a loan agreement between the warrant holder and Company A |
| LD14-2011 | 06/2011 (07/2014) |
Rule 14A.81, 14A.82, 14A.83 | Whether the Exchange required aggregation of the agreements between Company A and the Parent Company for
(i) the Parent Group contracting out certain system works to Company A;and
(ii) Company A sub-contracting some of the works back to the Parent Group
|
| LD13-2011 | 06/2011 (07/2014) |
Rule 14A.81, 14A.82 14A.83 | Whether the Exchange required aggregation of Company A's construction contracts with each of Companies C and D |
| LD12-2011 | 06/2011 | Rule 2.03 | Whether the Interim Guidance on Pre-IPO Investments applied to Company A's proposed issue of securities to independent investors |
| LD11-2011 | 05/2011 (02/2012) |
Rules 19.05 and 19.30 and GEM Rule 24.05 | Whether the Exchange would consider Alberta an acceptable jurisdiction of an issuer's incorporation (Revised Listing Decision) (Withdrawn, superseded by Canada — Alberta Country Guide in December 2013) |
| LD10-2011 | 05/2011 | Rule 19.05 | Whether the Exchange would consider Guernsey an acceptable jurisdiction under Chapter 19 of the Main Board Listing Rules and Chapter 24 of the GEM Listing Rules (Withdrawn, superseded by Guernsey Country Guide in December 2013) |
| LD9-2011 | 04/2011 (10/2020) |
Rule 17.03(9) — Note 1 | Whether the Exchange would waive the requirement on the exercise price of share options for Company A's share option scheme involving issue of new A shares |
| LD8-2011 | 04/2011 (04/2015) |
Rule 8.08(1)(a) | Whether Company A must include convertible preference shares as part of its total issued share capital in calculating the public float of its listed shares |
| LD7-2011 | 03/2011 | Rules 14.06(6), 14.92, 14.93 | Whether the Exchange would grant a waiver from Rule 14.92 for the disposal of the Disposal Target (Withdrawn in October 2019) |
| LD6-2011 | 03/2011 (03/2019) |
Rule 14.40 | Whether the Exchange would accept a prior mandate in lieu of a shareholders' approval on the terms of the agreement for the following transactions:
(1) Company A's proposed acquisition of a piece of land through public tender
(2) Company B's proposed disposal of a property
|
| LD5-2011 | 03/2011 | Rules 14.04(1), 14.22 and 14.23 | Whether Subsidiary B's on-market repurchase of its shares constituted a transaction for Company A, and if so whether it would be aggregated with Company A's previous acquisition of Subsidiary B's shares |
| LD4-2011 | 03/2011 | Rule 19.05 | Whether the Exchange would consider France an acceptable jurisdiction under Chapter 19 of the Main Board Listing Rules and Chapter 24 of the GEM Listing Rules (Withdrawn, superseded by France Country Guide in December 2013) |
| LD3-2011 | 03/2011 | Rules 4.11, 19.39 | Whether to accept Japanese Generally Accepted Accounting Principles (JGAAP) for preparing the accountants' report for Company A's listing document and subsequent financial reports (Withdrawn in April 2017) |
| LD2-2011 | 02/2011 | Rules 14.72(1), 14.76(1) | Whether the Partner's contractual right to acquire Company A's interest in the Joint Venture was an "option" under Chapter 14 and, if so, whether it would be classified as a major transaction |
| LD1-2011 | 01/2011 | Rule 19.05 | Whether the Exchange would consider Italy an acceptable jurisdiction under Chapter 19 of the Main Board Listing Rules and Chapter 24 of the GEM Listing Rules (Withdrawn, superseded by Italy Country Guide in December 2013) |