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Legal Update

Hong Kong Proposes Rules to Combat Backdoor Listing - Part 2

13 July 2018
Mayer Brown JSM Legal Update
To address concerns about backdoor listings and shell activities in Hong Kong, the Stock Exchange of Hong Kong Limited (HKSE) recently published (i) a consultation paper proposing to tighten the Listing Rules on reverse takeover, continuing listing criteria and others (the Consultation Proposals); and (ii) a guidance letter on listed issuer’s suitability for continued listing (GL96-18).

We have examined the new guidance letter GL96-18 in our earlier Update and we will discuss HKSE's Consultation Proposals in this article.

Authors

  • Jacqueline S. T. Chiu
    T +852 2843 2447
  • Jeckle Chiu
    T +852 2843 2245
  • Chester C. C. Wong
    T +852 2843 4273
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