Hong Kong Law

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    Continued deficiencies in sponsor work identified by SFC

    Continued deficiencies in sponsor work identified by SFC

    The said deficiencies were especially common for sponsor work done for GEM IPOs. Between October 2013 and December 2017, 44 listing applications were returned or rejected due to concerns raised during the vetting process.
    SFC Consults on Takeovers Code Changes

    SFC Consults on Takeovers Code Changes

    The most significant change proposed is to increase the voting approval threshold for whitewash waivers from a simple majority of independent votes to 75%.
    HKEx Consults on Review of Corporate Governance Code

    HKEx Consults on Review of Corporate Governance Code

    The Exchange proposes to add to CP A.5.5 a requirement to explain why the INED would be capable of devoting sufficient time to the board if he or she is holding a seventh (or more) listed company directorship.