The Stock Exchange of Hong Kong is consulting the market on its proposal to disseminate all listed-issuers' announcements through its website, rather than by paid newspaper announcements.
A spokesman for the Exchange said this would ensure a timely dissemination of listed-issuers' announcements and result in substantial cost savings for listed issuers.
"As on-line trading increases, the Internet will play a dominant role in offering instant quotes and information on initial public offerings and listed issuers.
"It will also create an archive that can at any time be conveniently accessed and retrieved by investors from around the world," he said.
The consultation document will be available on the Exchange's website at http://www.sehk.com.hk from 10 a.m., April 19, 2000. Copies of the consultation paper will be sent to all listed issuers and are available from the Exchange at 11th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong.
Views in response to the consultation should reach the Exchange by May 20, 2000.
Corporate Communications