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.
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