June 03, 2016 BY LeapRate Staff

Hong Kong Exchange HKEX plans to examine companies' reasons for an IPO

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), has issued a guidance letter (GL) on initial public offering (IPO) vetting and suitability for listing. The Exchange has noted that there have been a number of newly listed issuers' controlling shareholders which either sold,…

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