Monday, March 9, 2015

Off-Takes and Connected Transactions

Off-Takes and Connected Transactions
The Hong Kong Stock Exchange rules seek to prevent connected persons of listed issuers from taking advantage of their positions. Connected transactions may be either one-off transactions (in the case of listed issuers) or continuing transactions (in the case of both listed issuers and new applicants). Different rules apply in each case. A listed issuer must, in respect of all connected transactions, enter into a written agreement with the relevant parties……http://www.charltonsnaturalresources.com/en/offtake-agreements/offtakes-connected-transactions

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