Main Board - Progress Report for New Listing Applications

Progress Report for New Listing Applications (Initial Public Offering Applications)

NO. OF APPLICATIONS PROCESSED
NO. OF APPLICATIONS PROCESSED
The number of applications processed also includes application for transfer of listing from GEM to the Main Board, and deemed new applicant pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6).

Renewal applications refer to applications accepted within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application.

New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned application, or more than three months after a lapsed, rejected or withdrawn application by the same applicant.

For the applications processed in a relevant reporting year, they include applications that were approved by the Listing Committee prior to, or during, the relevant reporting year. As at the date of this report, 11 Main Board applications were approved by the Listing Committee during 2024.
Main Board

     2024 Year-to-date
1.    Applications brought forward from 29 December 2023 and renewal applications 69
2.    New applications accepted in 2024 (1) 36
      SUB TOTAL: 105
APPLICATION STATUS
APPLICATION STATUS
The number of applications processed also includes application for transfer of listing from GEM to the Main Board, and deemed new applicant pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition treated as reverse takeover pursuant to Main Board Listing Rule 14.06(6).

Renewal applications refer to applications accepted within three months following a lapsed application by the same applicant. In this context, the Exchange considers such renewal application as a continuance of its original application.

New applications include (i) applications filed with the Exchange for the first time; and (ii) applications filed after a returned application, or more than three months after a lapsed, rejected or withdrawn application by the same applicant.
Main Board

     (as at 28 March 2024)
1.    Listed (2) 12
2.    Approved by the Listing Committee pending listing 11
3.    Under processing 70
4.    Others (i.e. lapsed (3), rejected (4), returned (4) (5) or withdrawn) 12
      SUB TOTAL: 105
FIRST COMMENT LETTERS ISSUED ON NEW APPLICATIONS
Main Board & GEM
a. Number of letters issued in March 2024 11
b. Average number of business days taken for issuing first comment letter (6) 12
ALL COMMENT LETTERS ISSUED ON APPLICATIONS
Main Board & GEM
1. Number of letters issued in March 2024 28
2. Average number of business days taken for issuing comment letter 10
GUIDANCE ISSUED TO POTENTIAL NEW APPLICATIONS ON MATTERS RELATING TO THE LISTING RULES
Main Board & GEM
1. Number of letters issued in March 2024 9
2. Average number of business days taken for issuing written response (6)

11
(1) Including 12 Main Board, 0 GEM, and 1 Chapter 20 New Applications accepted in March 2024.
(2) Including nil company transferred of their listing from GEM to Main Board.
(3) An application would lapse when six months have elapsed since the submission of an application form pursuant to Main Board Listing Rule 9.03/ GEM Listing Rule 12.07.
(4) Nil rejection and nil return of listing application for the year to date March 2024. Please note that if an application is rejected or returned, the same applicant may resubmit a new listing application once they have subsequently satisfied all applicable Listing Rules.
(5) Applications returned on the ground that the information in the listing application proof or related documents is not substantially complete.
(6) For the reports issued from January 2011 onwards, non-business days have been subtracted from “the average number of days taken”.

This report is updated on the last trading day of each month.