WebFeb 27, 2024 · To prevent a Chapter 18A Applicant from becoming a shell company after its listing, HKEx’s consent must first be obtained if any acquisition, disposal, other transactions, or arrangements are proposed that would result in a fundamental change in its principal business activities. WebView important information issued by HKEX to Exchange and Clearing House Participants, Market Data vendors and Hosting Services members ... Chapter 18A Mineral Companies. Scope; Definitions and interpretation. 18A.01; Conditions for listing of new applicant Mineral Companies. 18A.02; 18A.03; 18A.04;
Opportunities For Canadian Biotech Companies On The Hong Kong ... - Mondaq
WebOct 11, 2024 · In a similar manner, the Chapter 18C scheme will enable HKEX to generate business from the rapidly evolving tech sector. ... Unlike the case with the Chapter 18A biotech relaxations, there is no centralised authority like the FDA (US Food and Drug Administration) that can vet companies operating in the hard tech space, he highlighted. ... WebMar 2, 2024 · S ince Hong Kong Exchanges and Clearing Limited (HKEX) added chapter 18A to its main board listing rules in April 2024, allowing biotech companies with no revenue or profits to be listed, Hong Kong has become the preferred listing location for an increasing number of biotech companies. As of 31 December 2024, a total of 48 biotech companies … the spruce eats corned beef
Guidance Letters for New Applicants - Hong Kong Stock Exchange
WebApr 28, 2024 · In the Consultation Conclusions, the HKEX permits existing shareholders to participate in the IPO of a Chapter 18A Applicant provided that the issuer complies with both the existing Listing Rule 8.08(1) (mainly with respect to the minimum 25% public float requirement) and the new Listing Rule 18A.07 in relation to shares held by the public. [7] WebAn Anatomy of the Proposed Chapter 18C of Hong Kong Listing Rules. November 8, 2024. On October 19, 2024, the Stock Exchange of Hong Kong Limited (the “SEHK”) proposed a new Chapter 18C (“Chapter 18C”) to its Main Board Listing Rules (the “Listing Rules”). The proposal is intended to facilitate fundraising in the Hong Kong capital ... WebJul 10, 2024 · HKEx further clarifies that (i) an existing shareholder holding less than 10% of the shares in the biotech company may subscribe for shares in the IPO as either a cornerstone investor or as a... the spruce eats jalapeno poppers