Regulatory Framework and Rules
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Rule Numbers (Main Board) - Practice Note 15

General

- Whether the proposal of Company A constituted a spin-off under Practice Note 15 of the Listing Rules [LD3-2][July 1999]

- Applicability of Practice Note 15 to proposed admission of shares of non wholly owned subsidiary to trading on overseas over-the- counter securities exchange[LD6-3] [October 1999]

- Whether Company A was required to have been listed on the Exchange for at least three years before an application to spin off Company B could be considered [LD11-3] [March 2000]

 

Paragraph 3(c)

- Whether remaining business of Company A after proposed spin-off was able to meet profit requirement of Rue 8.05 [LD10-2] [February 2000]

- Need to ascertain whether, after its proposed spin-off of a subsidiary, Company A would continue to have a sufficient level of operations and sufficient assets to support its separate listing status [LD13-1] [May 2000]

- Whether re-issued accounts were acceptable [ LD13- 2] [May 2000]

 

Paragraph 3(f)

- No assured entitlements in spin-off - whether minority shareholders' approval necessary [LD17-2] [September 2000]