Jurisdiction - Hong Kong
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New Listing Decisions.

15 February, 2012

In November 2011, the Exchange updated its 2005 listing decision in relation to structured contracts (i.e., VIEs). This reflects the practice of the Exchange (pursuant to Listing Committee requirements) adopted last year. 
 
The revised listing decision confirms the practice of allowing structured contracts on a case-by-case basis after full consideration of the reasons for adopting such arrangements and subject to the conditions set out therein. However, the Exchange now requires that such structured contracts contain certain prescribed contractual terms to enable the listing applicant to deal with the operating companies’ assets. 
If non-restricted businesses are involved, the Listing Division will normally refer the case to the Listing Committee. 
 
 

 

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