AIMA responds to HK Stock Exchange de-listing proposals
Published: 11 December 2017
AIMA has responded to the Hong Kong Stock Exchange’s proposed changes to its de-listing framework. AIMA, in its response, reiterated its support for initiatives which promote the ongoing development and success of the capital market ecosystem in Hong Kong, including initiatives which seek to improve the efficiency of the markets for the trading of securities in Hong Kong and enhance investor protection. This includes ensuring that appropriate powers exist to allow for the suspension of a listed entity, and where appropriate cancellation, where it: (i) is in material breach of the listing rules; (ii) fails to maintain sufficient public float. For more information, contact Kher Sheng Lee.