Hong Kong Exchanges and Clearing Limited (HKEx) has extended to the close of business on 31 October the consultation period on proposed amendments to the Stock Exchange Main Board Listing Rules relating to listing eligibility. The consultation period was originally scheduled to end at the close of business day, 31 August.
"This extension gives individuals and organisations more time to consider our proposals and submit their response and comments," said Kwong Ki-chi, Chief Executive of HKEx.
HKEx will also publish a supplementary paper relating to the proposed continuing listing eligibility criterion that a company will be delisted if the market price of its shares over 30 consecutive trading days is less than $0.50.
"We wish to emphasise that we are genuinely consulting the market on the package of proposals set out in the consultation paper published on 25 July. We have noted the market concern expressed, in particular about the proposal to consider delisting the shares whose market price over 30 consecutive trading days is less than $0.50. We will sound out market participants especially on this proposal and issue a supplementary consultation paper on or before 31 October," Mr Kwong said.
Market participants who wish to arrange meetings with HKEx executives to express their views on the listing eligibility proposals may call 2840 3895 from Monday, 29 July, during office hours 9:00am - 5:30pm. HKEx is also arranging seminars for listed issuers to explain details of the consultation paper. HKEx welcomes comments from all sectors of the market.
Copies of the consultation paper and questionnaire are available at the office of HKEx at 11/F, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong. The consultation paper can also be viewed at or downloaded from the HKEx website: www.hkex.com.hk. Comments on the paper can be submitted by completing and returning the questionnaire booklet. If more space is needed for comments, additional sheets may be attached to the questionnaire. Comments on the paper can also be submitted through the electronic questionnaire available at www.hkex.com.hk.