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

(As at 31 October 2013)

					Main Board	GEM	Total
New Applications Accepted
	a.		October 2013
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	10	2	12
			(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	1	N/A	1
			(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)	1 __________	0 __________	1 ________
			Sub-total		14	2	16
	b.		2013 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	106	30	136
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	19	N/A	19
			(iii)	Application(s) for transfer of listing from GEM to Main Board	12	N/A	12
			(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)	3 __________	0 __________	3 ________
			Sub-total		140	30	170
Approvals in principle granted⁽¹⁾
	a.	October 2013			17	1	18
	b.	2013 Year-to-date			80	17	97
Active applications⁽¹⁾ (as at 31 October 2013)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2013			65	20	85
	b.	Others			0 __________	4 __________	4 ________
		Sub-total			65	24	89
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2013			23	1	24
	b.	Others			2 __________	0 __________	2 _________
Total					90	25	115

Inactive applications⁽²⁾ (since 1 January 2013)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		23	5	28
	b.	Others		37	27	64
2.	Rejected			3	1	4
3.	Withdrawn			1 __________	0 __________	1 _________
	Sub-total			64	33	97
4.	Renewals⁽³⁾			(33) __________	(24) __________	(57) _________
Total				31	9	40
No. of new listings(since 1 January 2013)
		(i)	Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	42	17	59
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	15	N/A	15
		(iii)	Transfer of listing from GEM to Main Board	4	N/A	4
		(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)	0 __________	1 __________	1 ________
Total				61	18	79

First Comment Letters Issued⁽⁴⁾
	a.	October 2013	26
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter	14

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	October 2013	5
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response⁽⁵⁾	8

⁽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 Listing Division staff that contain the Listing Division's comments on the respective listing applications. It only covers the first comment letters issued this month. For reports issued from January 2011 onwards, non-business days have been subtracted from "the average number of days taken". The figures exclude cases for a transfer of listing from GEM to the Main Board. If included, the number of first comment letters issued is 28 and the average number of days taken is 15.
⁽⁵⁾	Covers only the guidance letters issued 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 31 October 2013)

			Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2013)
	a.	Withdrawal of listing pursuant to privatisation	0	0	0
	b.	Transfer of listing from GEM to Main Board	N/A	4	4
	c.	Cancellation of listing pursuant to delisting procedures under the Listing Rules	2	1	3
	d.	Voluntary withdrawal of listing	1 __________	0 __________	1 __________
Total			3	5	8
(b)	Number of companies in suspension for three months or more (as at 31 October 2013)
	a.	Companies not in delisting procedures	31	6	37
	b.	Main Board companies in delisting procedures:

		- first stage of delisting⁽⁶⁾	1	N/A	1
		- second stage of delisting⁽⁷⁾	1	N/A	1
		- third stage of delisting⁽⁷⁾	4	N/A	4
	c.	GEM companies given 6 months’ notice for delisting	N/A	2	2
	d.	Delisting approved by the Listing Committee	0	1*	1*
	e.	Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions	3 ___________	0 ___________	3 ___________
Total			40	9	49

Other Information
(As at 31 October 2013)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 31 October 2013)	1,411	191	1,602

⁽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.
*	The company applied to the Exchange to review the delisting decision. The review procedure is in progress.

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