Hong Kong Stock Exchange’s Discretion

The definition of reverse takeover ("RTO") in the Listing Rules gives the Hong Kong Stock Exchange a very wide discretion to determine that a transaction is designed to circumvent the listing requirements and should be treated as an RTO... More: Hong Kong Stock Exchange’s Discretion

RTOs under the Hong Kong Stock Exchange's Listing Rules

The definition of an reverse takeover (“RTO”) is an acquisition or a series of acquisitions by a listed issuer which, in the opinion of the Hong Kong Stock Exchange, constitutes, or is part of a transaction or arrangement or series of transactions or arrangements which constitute: an attempt to achieve a listing of the assets to be acquired; and a means to circumvent the requirements for new applicants set out in Chapter 8 of the HKEx’s Listing Rules... More: RTOs under the Hong Kong Stock Exchange's Listing Rules