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Hong Kong – The End Of The Initial 3-day Check Of Application Proofs.

22 September, 2014

 


As widely anticipated, the HKEx announced on 5 September 2014 that the initial 3-day check of the initial draft of the prospectus submitted at the time of a listing application (Application Proofs) will be discontinued for listing applications filed after 30 September 2014. The HKEx reached this decision on the basis that the return rate for Application Proofs had decreased, citing this as evidence that market practitioners had become familiar with changes to the listing application process that came into effect last October, and after consultation with the SFC. The Application Proofs for listing applications filed on or after 1 October 2014 will be now published on the HKEx website (www.hkexnews.hk) at the time of the filing of the application. The 3-Day Checklist (Table B) found in Guidance Letter HKEx-GL56-13 will be merged with Table A of the same Guidance Letter.

 

Skadden

 

For further information, please contact:

 

Christopher Betts, Partner, Skadden
christopher.betts@skadden.com


Edward Lam, Partner, Skadden

edward.lam@skadden.com


Alec Tracy, Partner, Skadden

alec.tracy@skadden.com


Will Cai, Partner, Skadden

will.cai@skadden.com

 

Skadden Capital Markets Practice Profile in Hong Kong

  

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