Listing Decisions Series 51

Whether Company A's reliance on its parent for certain aspects of its operations rendered Company A not suitable for listing [LD51-1] [March 2006]

Whether the respective businesses of the Group and the Parentco Group were adequately delineated and whether the disclosure made in the prospectus regarding the Parentco Group's engagement in businesses that competed or were likely to compete with the business of the Group was adequate [LD51-2] [March 2006]

	Whether Company A was so dependent on Parentco as to be not suitable for listing given that (1) the executive directors of Company A overlapped with some of the directors of Parentco; (2) Company A and the Parentco Group were in the same industry sector; and (3) common customers were identified [LD51-3] [March 2006]
	Whether the requirement for ownership continuity and control for at least the most recent audited financial year under Listing Rule 8.05(1)(c) could be satisfied in light of the changes in the shareholding interests held by two separate groups of controlling shareholders during the last financial year of the track record period [LD51-4] [March 2006]
	Whether the requirements for substantially the same management and ownership throughout the active business pursuit period under GEM Listing Rule 11.12 were satisfied by aggregating the shareholding interests and control of a group of individual shareholders [LD51-5] [March 2006]