A guide to sponsor’s independence in Hong Kong listings
Under the Hong Kong Stock Exchange Listing Rules (HKEx Listing Rules), at least one sponsor must be independent of the new listing applicant. TheHKEx Listing Rules sets out a number of independence tests, relating to shares in the applicant held by the sponsor group and its directors and certain other persons, debts due from the applicant and its controlling shareholder(s) to the sponsor group, and business relationships between the applicant and sponsor group and its directors and certain employees……http://charltonsnaturalresources.com/en/listing-process/application-for-listing
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