Introduction of Listing on The GEM OF THE Stock

Transcript:Introduction of Listing on The GEM OF THE Stock:
Introduction of Listing on The GEM OF THE Stock exchange of Hong kong Limited (“sehk”) July 2018 Listing requirements for gem Listing Requirements for GEM Suitability for listing on gem The following types of applicants which have been prescribed by SEHK as unsuitable are: (HKEX-GL68-13) a company which fails to comply with all applicable laws and regulations and where such non-compliance may affect the validity of the business; a company which is unable to carry on its business independently; a company whose business is heavily reliant on transactions with connected persons or related parties during the track record period and after listing; and a company whose assets consist wholly or substantially of cash or short-dated securities, e.g., bills, short-term bonds or other investments with a maturity term of less than a year. (Note: This restriction is not applied to investment companies. GEM LR 11.06) Listing Process LISTING Process Major Professional parties INVOLVED in lISTING Major Professional parties involved in listing IPO VETTING PROCEDURES (HKEx- GL61-13, Appendix(2) Post-ipo obligations General obligations of immediate disclosure of price-sensitive information Answering queries made of the Company by the SEHK concerning unusual movements in the price or trading volume of the listed securities or any other matters Compliance with the prescribed minimum percentage of listed securities in public hands at all times Pre-emptive rights, being circumstances under which the directors of the listed company must obtain the consent of shareholders in general meeting prior to allotment, issue or grant of securities Arrangement of annual general meetings and board meetings Disclosure of financial information Inform the SEHK for any proposed changes of the Company’s Articles of Association, changes in directorate or supervisory committee, change in the rights attaching to any class of listed securities, change in its auditors or financial year and change in its secretary or registered address Submission of announcements, circulars or other documents to the SEHK for review Arrangement of trading and settlement Disclosure of directors’ dealings, service contracts, nominations and contact information. Post-ipo obligations Post-ipo obligations