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Report on Initial Public Offering Applications, Delisting Proceedings and Suspensions(As at 27 February 2004)

Regulatory
27 Feb 2004

Report on Initial Public Offering Applications, Delisting Proceedings and Suspensions
(As at 27 February 2004)

  Main Board GEM Total
Active applications (as at 27 February 2004) 
1. Under processing (based on listing application form accepted):
    a.  New applications accepted since 1 January 2004           7 3 10
    b.  Others 10
__________
21
__________
31
________
Sub-total 17 24 41
2.  Approval in principle granted by the Listing Committee but not yet listed
     a.  Approvals granted since 1 January 2004      7 2 9
     b.  Others 0  0  0
Total 24 26 50

  Main Board GEM Total
Inactive applications (since 1 January 2004)
1.   Lapsed*
      a. Approval in principle granted by the Listing Committee but not yet 
          listed
1 2 3
      b. Others 3 5 8
2.   Rejected 0 2 2
3.   Withdrawn 0
__________
3
__________
3
________
Sub-total 4 12 16
4.   Renewals** 1 3 4
Total  3 9  12
No. of newly listed companies (since 1 January 2004)       3*** 5 8

*     Includes any application (or renewal) not approved, rejected or withdrawn within six months.

**   Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.

***   Includes one company that withdrew its listing on GEM and subsequently listed on the Main Board.       

Other Information
(As at 27 February 2004)

Main
 Board
GEM Total
(a)  Number of delisted companies (since 1 January 2004) 3* 1#  4
(b)  Number of companies at the third stage of delisting (as at 27 February 2004) 5 N/A 5
(c)  Number of companies in suspension for more than 10 business days (as at 27 February
      2004)
31 16 47
(d)  Number of listed companies (as at 27 February 2004) 852 191 1,043

*      Includes a company that withdrew its listing pursuant to a privatisation proposal.

#     Being a company that withdrew its listing on GEM and subsequently listed on the Main Board.

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

Updated 27 Feb 2004