Hong Kong Exchange Amends Listing Rules for mining and petroleum companies
Mayer Brown Legal Update
The Hong Kong Stock Exchange (the “Exchange”) has built an international reputation largely on the strength of its listed financial, property and manufacturing companies. Seeking to expand this base and encourage new listings by Mineral Companies, the Exchange recently amended Chapter 18 of the Listing Rules to encourage listings by overseas mining and petroleum companies (the “Updated Rules”). The Updated Rules became effective on 3 June 2010.