13 October, 2012

 

 

In August 2012, the Exchange updated guidance letter GL31-12 to include bad weather arrangements on the day of prospectus publication.  
 
If a typhoon signal no. 8 or above and/or a black rainstorm warning is in force in Hong Kong at 9:00 a.m. on the prospectus publication day, the listing applicant must take action necessary to comply with Section 44A(1) of the Companies Ordinance (delay before share allotment). 
 
If the listing timetable of the public offer set out in the prospectus is amended to comply with Section 44A(1) of the Companies Ordinance, an announcement on the new timetable must be made on the business day after the bad weather, and no pre-vetting by the Exchange is required.  The applicant need not issue a supplemental prospectus.  
 
For a copy of the guidance letter GL31-12, please follow the link:

 

 

For further information, please contact:
 
Tony Grundy, Partner, Morrison Foerster
 
John Moore, Partner,  Morrison Foerster
 

 

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