Note: With effect from 1 July 2008, companies applying for a listing on the Main Board of the Exchange can do so in the form of depositary receipts (HDRs).  The HDR framework is launched as an alternative facility for companies to list on the Exchange, in particular for listing applicants from jurisdictions that prohibit the issuance of shares or the maintenance of a share register overseas.  For more information, please see News Release dated 9 May 2008.

Offer for Subscription

An offer to the public by, or on behalf of, an issuer of its own securities for subscription.


Offer for Sale

An offer to the public by, or on behalf of, the holders or allottees of securities already in issue or agreed to be subscribed.


Placing

The obtaining of subscriptions for, or the sale of securities by, an issuer or intermediary primarily from or to persons selected or approved by the issuer or the intermediary.


Introduction

An application for listing of securities already in issue where no marketing arrangements are required.

Transfer from GEM

A GEM issuer may transfer its listing to the Main Board under a streamlined procedure.

To find out more about the different methods of listing, please refer to the following:

Chapter 7 of the Main Board Listing Rules on Methods of Listing
Chapter 10 of the GEM Listing Rules on Methods of Listing