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Exchange Extends Consultation Period for Consultation Paper on Corporate WVR Beneficiaries

Regulatory
28 Apr 2020

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has today (Wednesday) extended the consultation period on its proposal to allow corporate entities to benefit from weighted voting rights (Corporate WVR Consultation) to end on Sunday, 31 May1.

"We have received requests for an extension to the consultation period from a number of stakeholders who are in the process of preparing their responses," said Bonnie Y Chan, HKEX’s Head of Listing. "For most individuals and organisations, the outbreak of COVID-19 has led to significant changes in their working arrangements. The extension gives more time for all who would like to respond to the consultation to do so."

The Corporate WVR Consultation and corresponding questionnaire are available on the HKEX website. Responses to the paper can be submitted by completing and returning the questionnaire to the Exchange via either: email; fax or post2.

 

Notes:

  1. The consultation period was originally scheduled to end on Friday, 1 May.
  2. Responses to the Corporate WVR Consultation may be sent:
    By mail or hand delivery to: Hong Kong Exchanges and Clearing Limited, 8th Floor, Two Exchange Square, 8 Connaught Place, Central, Hong Kong 
    Re: 
    Corporate WVR CP;

    By fax to (852) 2524 0149;

    By e-mail to response@hkex.com.hk
    Please mark in the subject line: ReCorporate WVR CP

    The submission enquiry number is (852) 2840 3844.

    Respondents are reminded that the Exchange will publish responses on a named basis in the intended consultation conclusions.  Respondents who do not wish their name to be disclosed to members of the public should please state so when responding.

    The Exchange’s policy on handling personal data is set out in Appendix I of the Corporate WVR Consultation.

 

Ends

Updated 22 May 2020