Tag:HKEX

1
Hong Kong Relaxes “Double Dipping” Restrictions For Large IPOs
2
Hong Kong delays implementation of Listing Rules Amendments for Climate Disclosures to 2025

Hong Kong Relaxes “Double Dipping” Restrictions For Large IPOs

By: Carolyn Sng and Vincent Tso

The Stock Exchange of Hong Kong (HKSE) has introduced a new exemption to its “double dipping” rule for large IPOs. “Double dipping” refers to a subscription by an existing shareholder (including pre-IPO investors and cornerstone investors) or its close associate for further shares in the IPO, which is restricted by the HKSE on account of the actual or perceived preferential treatment by the issuer for its existing shareholders. This new exemption permits “double dipping” subject to certain size conditions being met, and is effective with immediate effect on 21 November 2023.

Read More

Hong Kong delays implementation of Listing Rules Amendments for Climate Disclosures to 2025

By: Carolyn Sng and Sook Young Yeu

The Stock Exchange of Hong Kong Limited (HKEX) had been consulting on proposals to enhance climate-related disclosures under its environmental, social and governance framework, with a previously proposed implementation date of 1 January 2024. The HKEX announced on 3 November 2023 that the implementation date of the Listing Rules amendments will be postponed to 1 January 2025.

Read More

Copyright © 2023, K&L Gates LLP. All Rights Reserved.