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    Listing requirements

    Charltons provides high impact advice to companies seeking advice on requirements for Hong Kong listing on the Hong Kong Stock Exchange. We have long experience of bringing mainland Chinese companies to the Hong Kong market, and have been involved in some of the largest and most ground-breaking deals to have come to the Hong Kong market in the past decade. We acted as Hong Kong legal adviser to the major shareholder of AIA, which raised more than HK$159 billion in its 2010 IPO.

    Charltons has particular experience in advising on the listing of Chapter 21 funds on the Hong Kong Stock Exchange and of mineral company IPOs under Chapter 18 of the Hong Kong Stock Exchange Listing Rules. We also have considerable experience in helping smaller dynamic companies take their first steps in the public equity markets. Charltons is actively involved in advising companies listing on Hong Kong’s GEM. The firm can also bring its extensive experience in representing underwriters and sponsors on IPO projects to bear in advising listing applicants.

    Charltons guides it clients through the complex qualifications for listing on the Main Board and GEM, including acceptable incorporation jurisdictions for listing vehicles, sufficiency of trading record and financial thresholds, minimum public shareholding and market capitalisation requirements, board composition and director qualifications. We also advise on additional or alternative listing criteria for mineral companies and investment funds. Charltons also advises on major issues that might impact on an applicant’s suitability for Hong Kong listing, such as competing businesses of, and independence from, controlling shareholders, connected transactions, and management continuity and ownership. Where appropriate, we can make pre-application submissions to the Stock Exchange on key issues on behalf of clients.

    In addition to advising on Hong Kong listing requirements, Charltons provides advice on all stages of the listing process and offers complete IPO project management, from pre-IPO planning and structuring (including due diligence, pre-IPO investments and group reorganisations), to prospectus drafting, review and verification, and negotiation of underwriting agreements and other key contracts. We understand that an IPO is one of the biggest steps a company will ever take and a listing applicant needs its lawyers to provide an insightful and highly personalised service coupled with smart and practical advice.

    Charltons is involved not only in advising on the Hong Kong listing process and application of the Hong Kong Listing Rules, but in shaping the regulatory framework. Julia Charlton is a member of the Listing Committee of the Hong Kong Stock Exchange and serves on the SFC’s Takeovers Panel and Takeovers Appeals Panel. We have been involved in market consultations on many of the major rule changes and developments through which the Hong Kong capital markets have evolved in recent years. Most recently, we acted as coordinating counsel on the drafting of the Hong Kong Sponsor Due Diligence Guidelines, a major market initiative creating a set of guidelines relating to the Hong Kong legal and regulatory requirements and market practice for IPO due diligence on listing applicants.

     

     

    Public Float Requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Hong Kong Listing Rules”)

    The public float requirement is contained in Hong Kong Listing Rule 8.08(1)(a) and requires that at least 25% of the issuer’s total issued share capital be held by the public.  Hong Kong Listing Rule 8.24 further clarifies that the shares held by the following persons will not be regarded as being held by the public: (i) connected persons (as defined under the Hong Kong Listing Rules), (ii) persons whose acquisition of the securities was financed, directly or indirectly, by a connected person, and (iii) persons accustomed to take instructions from a connected person in relation to the securities registered in his name or otherwise held by him.

    东方心经生肖中特:Listing requirements

    Hong Kong listing

    Hong Kong IPO project management

    Hong Kong listing requirements

    Listing requirements in Hong Kong

    Legal advice for IPO project management

    Hong Kong listing legal advice

    Hong Kong listing rules

    Listing of Chapter 21 funds on the Hong Kong Stock Exchange

    Mineral company IPOs under Chapter 18 of the Hong Kong Stock Exchange Listing Rules

    Public float requirement in Hong Kong Listing Rule 8.08(1)(a)

    Hong Kong Listing Rule 8.24

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  • 让每一所乡村学校都“美”得有特点、“优”得有亮点 2019-03-25
  • 人民日报社黑龙江分社 2019-03-25
  • 美元短线拉升 随后回吐涨幅 2019-03-19
  • 人民网专访中国中小企业协会副会长、一带一路工作委员会主任商世伟 2019-03-19
  • 候选企业:神州优车集团 2019-03-17
  • 广西百色贫困山区经济社会发展现状调研报告 2019-03-17
  • 邻邦扫描:自卫队训练情报员讲中文 越军列装二手韩国战舰 2019-03-10
  • 欧宝将会在今年推出全新GT概念车 2019-03-08
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  • 以保法治反腐公信力,以保中国社会普正义。 2019-03-06
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  • 2017地方领导留言板APP2.0 2019-03-05
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  • 新闻中心给记者留下美好记忆 2019-02-28
  • 中国和巴基斯坦将合拍电影《天路》 2019-02-28