Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx: Report On Initial Public Offering Applications, Delisting And Suspensions

Date 29/06/2012

(As at 29 June 2012)

 

Main Board

GEM

Total

New Applications Accepted

 

 

 

 

a.

June 2012

     
    (i)

Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules

11

0

11

 

    (ii)

Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules

2

N/A

2

    (iii)

Application(s) for transfer of listing from GEM to Main Board

0

N/A

0

    (iv)

Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)

0



__________

1



__________

1



________

 

Sub-total

13

1

14

 


b.


2012 Year-to-date

     
    (i)

Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules

47

11

58

    (ii)

Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules

10

N/A

10

    (iii)

Application(s) for transfer of listing from GEM to Main Board

6

N/A

6

    (iv)

Deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)

0

 

__________

1

 

__________

1

 

________

 

Sub-total

63

12

75

 

Approvals in principle granted(1)

     
 

a.

June 2012

12

2

14

 

b.

2012 Year-to-date

42

7

49

 

Active applications(1) (as at 29 June 2012)

     
1.

Under processing (based on listing application form accepted):

     
  a.

New applications accepted since 1 January 2012

34

11

45

  b.

Others

8
__________

3
__________

11
________

   

Sub-total

42

14

56


2.


Approval in principle granted

     
  a.

Approvals granted since 1 January 2012

21

3

24

  b.

Others

8
__________

0
__________

8
_________

Total

71

17

88

 

 

 

 



Inactive applications(2) (since 1 January 2012)

     

1.

Lapsed

     
  a.

Approval in principle granted but not listed prior to application lapsed

24

1

25

  b.

Others

31

17

48

2.

Rejected

4

2

6

3.

Withdrawn

5
__________

0
__________

5
_________

 

Sub-total

64

20

84



4.



Renewals(3)



(32)
__________



(10)
__________



(42)
_________

Total

32

10

42

 

No. of new listings (since 1 January 2012)

 

 

 

    (i)

Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules

25

7

32

    (ii)

Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules

27

N/A

27

    (iii)

Transfer of listing from GEM to Main Board

0

N/A

0

    (iv)

Deemed new listing(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6)

1



__________

0



__________

1



________

Total

53

7

60

 

 

 

 

 

First Comment Letters Issued(4)

 

  a.

June 2012

9

  b. Average number of days taken between the date of application and the date of issue of related first comment letter(5)

17

       

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules

 
  a. June 2012

12

  b.

Average number of days taken between the date of request for guidance and the date of issue of written response(5)

7

 

 

 

(1)

Includes application(s) by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules, application(s) for transfer of listing from GEM to the Main Board, and deemed new applicant(s) pursuant to Main Board Listing Rule 8.21C or Main Board Listing Rule 14.84, and very substantial acquisition(s) treated as reverse takeover(s) pursuant to Main Board Listing Rule 14.06(6)/GEM Listing Rule 19.06(6).

(2)

Includes any application (or renewal) not approved, rejected or withdrawn within six months.

(3)

Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.

(4)

First comment letters are the first letters issued by the staff of the Listing Division that contain the Listing Division’s comments on the respective listing applications.

(5)

Covers only the first comment letters/guidance letters issued in this month. For the reports issued from January 2011 onwards, non-business days have been subtracted from “the average number of days taken”.

 

 

 

 

Delisting and Suspension Information
(As at 29 June 2012)

 

 

 

Main Board

GEM

Total

(a)

Number of delisted companies (since 1 January 2012)

 

   
  a.

Withdrawal of listing pursuant to privatisation

8

0

8

  b.

Transfer of listing from GEM to Main Board

N/A

0

0

  c.

Cancellation of listing pursuant to delisting procedures under the Listing Rules

1

0

1

  d.

Voluntary withdrawal of listing

0
__________

0
__________

0
__________

Total

9

0

9

 

(b)

 

Number of companies in suspension for three months or more (as at 29 June 2012)

     
  a.

Companies not in delisting procedures

28

8

36

  b. a)

Main Board companies in delisting procedures:

 

 

 

             
     

- first stage of delisting(6)

1

N/A

1

     

- second stage of delisting(7)

3

N/A

3

     

- third stage of delisting(7)

4

N/A

4

    b)

Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10

0

N/A

0

  c.

GEM companies given 6 months' notice for delisting

N/A

2

2

  d.

Delisting approved by the Listing Committee

2*

0

 

2*

 

  e. Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions

4

__________

1

__________

5

__________

Total

42

11

53

 

 

 

Other Information
(As at 29 June 2012)

 

 

 

Main Board

GEM

Total

(c)

Number of listed companies (as at 29 June 2012)

1,342

177

1,519

 

 

(6)

Where the Exchange has issued a letter to the long-suspended company informing it of the commencement of the delisting procedures and that the Exchange will consider placing the company in the second stage of delisting if the company fails to submit a viable resumption proposal by the deadline set out in the letter.

(7)

Long-suspended Main Board companies having problems with sufficient operations or assets are placed in the second and third stages of delisting under Practice Note 17 to the Main Board Listing Rules.

* One of the companies applied to the Exchange to review the delisting decision. The review procedures are in progress.

 

 

This report is updated on the last trading day of each month.