HKEx’s new rules to widen listing regime

Source: Xinhua | 2018-04-25

HONG Kong Exchange yesterday announced new bourse rules to allow companies with dual-class shareholding structures and biotech firms with no revenue to apply for listing.

The proposed new rules to broaden Hong Kong’s listing regime will take effect next Monday, according to the Stock Exchange of Hong Kong Limited. The exchange is allowing listings of biotech issuers that do not meet any of the Main Board financial eligibility tests; permit listings of firms with weighted voting right structures; and create a new concessionary secondary listing route for firms that wish to secondary list in Hong Kong.