Report on Initial Public Offering Applications, Delisting and Suspensions (As at 31 May 2010)
Market Operations
31 May 2010
Report on Initial Public Offering Applications, Delisting and Suspensions
(As at 31 May 2010)
|
Main Board
|
GEM
|
Total
|
New Applications Accepted
|
|
|
|
|
a. |
May 2010 |
|
|
|
|
|
(i) |
Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules
|
10 |
1 |
11 |
|
|
(ii) |
Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules
|
0 |
N/A |
0 |
|
|
(iii) |
Application(s) for transfer of listing from GEM to Main Board
|
1 |
N/A |
1 |
|
|
(iv) |
Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)
|
0
__________ |
0
__________ |
0
________ |
|
Sub-total |
11 |
1 |
12 |
|
b. |
2010 Year-to-date |
|
|
|
|
|
(i) |
Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules
|
55 |
8 |
63 |
|
|
(ii) |
Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules
|
19 |
N/A |
19 |
|
|
(iii) |
Application(s) for transfer of listing from GEM to Main Board
|
5 |
N/A |
5 |
|
|
(iv) |
Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6) |
0
__________ |
1
__________ |
1
________ |
|
Sub-total |
79 |
9 |
88 |
Approvals in principle granted(1)
|
|
|
|
a. |
May 2010
|
9 |
1 |
10 |
|
b. |
2010 Year-to-date |
53 |
1 |
54 |
Active applications(1) (as at 31 May 2010)
|
|
|
|
1. |
Under processing (based on listing application form accepted):
|
|
|
|
|
a. |
New applications accepted since 1 January 2010
|
44 |
9 |
53 |
|
b. |
Others |
1
__________ |
1
__________ |
2
________ |
|
|
Sub-total |
45 |
10 |
55 |
2. |
Approval in principle granted
|
|
|
|
|
a. |
Approvals granted since 1 January 2010
|
16 |
1 |
17 |
|
b. |
Others |
1
__________ |
0
__________ |
1
________ |
Total |
62 |
11 |
73 |
First Comment Letters Issued
(4)
|
|
|
a. |
May 2010
|
9 |
|
b. |
Average number of days taken between the date of application and the date of issue of related first comment letter(5) |
19 |
|
|
|
|
Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
|
|
|
a. |
May 2010
|
13 |
|
b. |
Average number of days taken between the date of request for guidance and the date of issue of written response(5) |
9
|
Delisting and Suspension Information
(As at 31 May 2010)
|
Main
Board
|
GEM
|
Total
|
(a) |
Number of delisted companies (since 1 January 2010)
|
|
|
|
|
a. |
Withdrawal of listing pursuant to privatisation
|
1 |
0 |
1 |
|
b. |
Transfer of listing from GEM to Main Board
|
N/A |
1 |
1 |
|
c. |
Cancellation of listing pursuant to delisting procedures under the Listing Rules
|
0
|
0
|
0
|
|
d. |
Voluntary withdrawal of listing |
2
__________ |
0
__________ |
2
__________ |
Total |
3 |
1 |
4 |
(b) |
Number of companies in suspension for three months or more (as at 31 May 2010) |
|
|
|
|
a. |
Companies not in delisting procedures
|
9 |
8 |
17 |
|
b. |
a) |
Main Board companies in delisting procedures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
- first stage of delisting(6)
|
5 |
N/A |
5 |
|
|
|
- second stage of delisting(7)
|
7 |
N/A |
7 |
|
|
|
- third stage of delisting(7)
|
6 |
N/A |
6 |
|
|
b) |
Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10
|
0 |
N/A |
0 |
|
c. |
GEM companies given 6 months' notice for delisting
|
N/A |
2 |
2 |
|
d. |
Delisting approved by the Listing Committee
|
1* |
0 |
1* |
|
e. |
Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions |
2
__________ |
1
__________ |
3
__________ |
Total |
30 |
11 |
41 |
Other Information
(As at 31 May 2010)
|
Main
Board
|
GEM
|
Total
|
(c) |
Number of listed companies (as at 31 May 2010) |
1,165 |
173 |
1,338 |
(6)
|
Where the Exchange has issued a letter to the long-suspended company informing it of the commencement of the delisting procedures and that the Exchange will consider placing the company in the second stage of delisting if the company fails to su
bm
it a viable resumption proposal by the deadline set out in the letter.
|
(7)
|
Long-suspended Main Board companies having problems with sufficient operations or assets are placed in the second and third stages of delisting under Practice Note 17 to the Main Board Listing Rules. |
* |
The
company applied to the Exchange to review the delisting decision. The review procedures are in progress.
|
This report is updated on the last trading day of each month.