In response to media enquiries, Hong Kong Exchanges and Clearing Limited (HKEx) has issued the following statement.
HKEx wishes to clarify the proposals on penny stocks are only part of a market consultation relating to the Main Board Listing Rules. HKEx expects a variety of responses from market participants.
It would take a few months to formulate the rules for the implementation of any changes after the consultation.
If any new rules on delisting of existing penny stocks were adopted, they would be subject to a 12-month transition period before implementation. Investors would be informed well in advance if any changes were to be implemented.