Market Turnover
-






-
-
|
|
|
|
|
|
-
-
-
Loading

Update No. 110

Note to subscribers for the amendments to

the rules governing the listing of securities (the "Listing Rules")

Update No. 110

 

March 2014

Dear Sirs,

Amendments to the Main Board Listing Rules regarding annual listing fees in relation to the implementation of the new Companies Ordinance

We enclose reprinted pages of the Listing Rules and the filing instructions. The reprinted pages incorporate amendments to the Listing Rules on annual listing fees consequential to the implementation of the new Companies Ordinance.
 
We have amended the Listing Rules to provide that:
   
B02A24241D934714AD273561037F6D6D for issuers whose shares cease to have a nominal value subsequent to their date of listing (the “no-par event”), the nominal value per share that was used to calculate the annual listing fees immediately before the no-par event (the “notional nominal value per share”) will be used to calculate the annual listing fees from the no-par event. If an issuer conducts a subdivision of shares after the no-par event, the notional nominal value per share will be adjusted accordingly for calculating annual listing fees from the subdivision, subject to a minimum of HK$0.25; and
 
B02A24241D934714AD273561037F6D6D for issuers whose shares have no nominal value on their date of listing, the nominal value per share shall be deemed to be HK$0.25 for calculating annual listing fees. This is in line with the existing Listing Rules and their application to issuers with no nominal value per share or a nominal value per share less than HK$0.25.
 

Coming into effect

The amendments will come into effect on 3 March 2014.

Please click HERE to see the amendments to the Listing Rules relating to annual listing fees.

 

Yours faithfully,

For and on behalf of
The Stock Exchange of Hong Kong Limited

David Graham
Chief Regulatory Officer and Head of Listing 


Updated 28 Feb 2014