278 results found

A mandatory bid (or a mandatory general offer obligation) ("GO Obligation") will be triggered if a controlling block in a listed company ("Controlling Block") changes hands.

Hong Kong's uncertificated securities market regime, launching November 2026, eliminates paper share certificates for listed securities, requiring electronic title holding through approved registrar systems. Cayman Islands and Bermuda issuers must transition within five years, necessitating constitutional document amendments and new operational procedures. Companies need to appoint approved securities registrars, plan shareholder approvals, and ensure compliance before their assigned transition dates.

A common failing is sponsors' failure to consider the extent of the due diligence required, and resorting to a box-ticking approach.

On 16 January 2025, the Securities and Futures Commission ("SFC") and The Stock Exchange of Hong Kong Limited ("HKEX") collaborated in enforcement actions against Mainboard-listed FingerTango Inc.

On 12 December 2017, the Securities and Futures Commission (SFC) issued a Guidance Note on Co-operation (the "Note") highlighting the benefits of co-operating in its investigation and enforcement proceedings.

The Hong Kong Shipping Register is currently one of the top registers in the world and has attracted significant international tonnage.

This is even if the ICO purports to offer a digital token described or otherwise labeled as a virtual commodity.

SPACs were the darling of Q1 2021 with 298 SPACs raising a total of USD88 billion, exceeding the USD76 billion raised in the whole of 2020 and representing a 2,200% increase year on year...

On 26 July 2019, The Stock Exchange of Hong Kong Limited (HKEx) published conclusions to its consultation paper regarding backdoor listings, continuing listing criteria

Keeping an eye on market news and the potential leakage of inside information is essential for listed companies to comply with the new requirements.

The Securities and Futures Commission and the Hong Kong Monetary Authority issued a joint circular on 28 July 2023 setting out procedures that intermediaries can streamline (Streamlined Approach)...

Since the Stock Exchange of Hong Kong (HKEx) issued its interim guidance on Pre-IPO Investments in October 2010...

On 15 September 2021, Hong Kong's Securities and Futures Commission (SFC) published its conclusions (the Consultation Conclusions) from last year's consultation (the Consultation) on its proposed amendments to the...

Recent legal developments in Mainland China and Hong Kong have introduced new challenges to Mainland Chinese high-net-worth individuals (HNWIs) in protecting their assets from creditors' claims.

Cayman companies conducting secondary share placements through Hong Kong exchanges face significant operational challenges in achieving T+2 settlement timelines.

On 8 April 2015, the State Administration of Foreign Exchange issued the Circular of the SAFE on Relevant Issues Concerning the Reform of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises.

In August 2019, the Exchange issued a consultation paper proposing to codify the factors to be considered when granting the Rule 3.28 Waiver.

The Hong Kong government is trying to support the growth of virtual asset and other Web3 industries. One of the first key steps they've taken is to put virtual asset trading platforms...