Thursday, April 23, 2015

Acquisitions or disposals by Hong Kong listed companies

Under the Hong Kong Stock Exchange Listing Rules ("Listing Rules"), a Hong Kong-listed company may be required to publicly disclose and in some cases obtain shareholder approval for acquisitions or disposals which exceed certain financial thresholds ("notifiable transactions"). In the case of acquisition or disposal of mineral or petroleum assets, a listed mineral company may also need to comply with additional requirements to procure a qualified professional to prepare a report on such assets according to certain recognized standards (a "Competent Person's Report")... More: Acquisitions or disposals by Hong Kong listed companies

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