consultation Papers and conclusions

Consultation paper on new listing rules for mineral and exploration companies and Consultation Conclusions on new listing rules for mineral companies ...  More: consultation Papers and conclusions

Frequently asked questions about listing mineral companies on the HKEx

HKEx Listing Rule Requirements relating to Notifiable Transactions, Connected Transactions, Mineral Companies, Issues of Securities and Corporate Governance Code... More: Frequently asked questions about listing mineral companies on the HKEx

HKEx Listing Decisions relating mineral and oil and gas companies

HKEx Listing Decisions relating mineral and oil and gas companies

Publications and announcements regarding HKEx listed mineral companies

Listing Decisions, Guidance Letters, Frequently Asked Questions, Consultation Papers ... More: Publications and announcements regarding HKEx listed mineral companies

Pre-IPO Submission on Suitability for Listing

Pre-IPO submissions are our preferred method for commencing the listing process, particularly in relation to mineral companies which have not yet reached production and will be seeking to take advantage of a waiver from the financial tests for listing under the Exchange Listing Rules... More: Pre-IPO Submission on Suitability for Listing

Advising on Restructuring and Holding Structures

Charltons regularly advises on group restructuring in preparation for listing on the Exchange including spin-offs, demergers and insolvencies.  Pre-IPO reorganisation affords applicants the opportunity to restructure the overall group as desired.  A restructuring mineral company should be aware that it will no longer be defined as a “Mineral Company” under the Listing Rules if less than 25% of its total assets, revenue or operating expenses are connected to the exploration and/or extraction of natural resources... More: Advising on Restructuring and Holding Structures

Advising mineral company directors

Charltons advises mineral company directors on their responsibilities derived from, The Hong Kong Stock Exchange Listing Rules ("Listing Rules"), including the Code on Corporate Governance Practices (the "Code") and the Model Code for Securities Transactions by Directors of Listed Companies contained therein and summarised here; Common law and applicable legislation, including the Companies Ordinance and the Securities and Futures Ordinance ("SFO"); The Code on Takeovers and Mergers and the Code on Share Repurchases; The directors' Declaration and Undertaking to the Hong Kong Stock Exchange ("Exchange"); and The Companies Registry's Guide on Directors' Duties... More: Advising mineral company directors

Requirements Regarding Control Over Mining Assets

A mineral company seeking listing on the Exchange must be able to demonstrate that it has the right to actively participate in the exploration for and / or extraction of resources either through control over a majority (by value) of the assets in which it has invested together with adequate rights over the exploration for and / or extraction of resources; or adequate rights arising under arrangements acceptable to the Exchange, which give it sufficient influence in decisions over the exploration for and/or extraction of the resources. Control is normally taken to mean an interest of more than 50% ... More: Requirements Regarding Control Over Mining Assets

Management requirements for mineral companies listed on the Main Board or GEM in Hong Kong

A new applicant mineral company that cannot satisfy the Profit Test, Market Capitalization Test /Revenue Test /Cash Flow Test, or Market Capitalization/Revenue Test described in the section Key Requirements For Listing may still be accepted for listing if it establishes to the Exchange's satisfaction that its directors and senior management, taken together, have a minimum of 5 years' experience relevant to the exploration and/or extraction activity that the mineral company is pursuing... More: Management requirements for mineral companies listed on the Main Board or GEM in Hong Kong

Key Requirements for listing mineral companies on the Main Board of Hong Kong Stock Exchange

To list on the Main Board of the Exchange, the mineral company must have: A trading record of not less than three financial years, management continuity for the last three financial years, ownership continuity for at least the most recent audited financial year, and satisfy one of the Profit Test, Market Capitalization Test /Revenue Test /Cash Flow Test, or Market Capitalization/Revenue Test... More: Key Requirements for listing mineral companies on the Main Board of Hong Kong Stock Exchange

Basic Conditions for Listing in Hong Kong

The issuer and the guarantor, in the case of a guaranteed issue, must each be duly incorporated or otherwise established under the laws of the place where it is incorporated or otherwise established, and must not be in contravention of those laws and its memorandum and articles of association or equivalent documents. An issuer which is a Hong Kong company must not be a private company within the meaning of section 29 of the Hong Kong Companies Ordinance... More: Basic Conditions for Listing in Hong Kong

Listing Debt Securities in Hong Kong

Debt securities, other than debt issuances to professional investors only, may be brought to listing by a number of methods, namely through an offer for subscription, offer for sale or placing. Debt securities may also be brought to listing by an exchange or a substitution of debt securities for or a conversion of debt securities into other classes of securities or by the exercise of options, warrants or similar rights to subscribe or purchase debt securities... More: Listing Debt Securities in Hong Kong 

Due diligence in Hong Kong listings

A significant part of the responsibilities of a sponsor is the due diligence work that it undertakes with respect to a listing applicant. This due diligence exercise is crucial to enable the sponsor to gain knowledge and understanding of the applicant and satisfy itself that the applicant complies with the Hong Kong Stock Exchange (HKEx) Listing Rules (Listing Rules), and that the prospectus contains sufficient disclosure for investors…… Read more : Due diligence in Hong Kong listings

Sponsor’s due diligence declarations as part of a Hong Kong listing

Sponsor’s due diligence declarations as part of a Hong Kong listing 
Under the rules of the Hong Kong Stock Exchange, at the time of issue of a listing document, a sponsor is required to conduct reasonable due diligence inquiries in order to make a declaration to the HKEx……

Overview of sponsor’s role in Hong Kong listings

Overview of sponsor’s role in Hong Kong listings

Every company applying to list on the Hong Kong Stock Exchange (HKEx) must appoint a sponsor to assist with its listing application. The sponsor's role is to guide and advise applicants through the IPO process, assess applicants' suitability for listing and ensure sufficient disclosure in the prospectus…http://charltonsnaturalresources.com/en/listing-process 

Listing on the Hong Kong Stock Exchange

Key advantages to listing on the Exchange include the following: • Gateway to Mainland China • Increased investor awareness about the mining sector • Deep capital pool • Solid institutional investor base • Strong legal system • Developed corporate governance • International accounting standards • Sound regulatory framework • Free flow of capital and information • Advanced clearing and settlement infrastructure