HKEx Report On Initial Public Offering Applications, Delisting And Suspensions

(As at 29 November 2013)

					Main Board	GEM	Total
New Applications Accepted
	a.		November 2013
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	3	0	3
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	1	N/A	1
			(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)	0 __________	0 __________	0 ________
			Sub-total		5	0	5
	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	109	30	139
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	20	N/A	20
			(iii)	Application(s) for transfer of listing from GEM to Main Board	13	N/A	13
			(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		145	30	175
Approvals in principle granted⁽¹⁾
	a.	November 2013			30	6	36
	b.	2013 Year-to-date			110	23	133
Active applications⁽¹⁾ (as at 29 November 2013)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2013			38	14	52
	b.	Others			0 __________	2 __________	2 ________
		Sub-total			38	16	54
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2013			36	6	42
	b.	Others			1 __________	0 __________	1 _________
Total					75	22	97

Inactive applications⁽²⁾ (since 1 January 2013)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		26	5	31
	b.	Others		39	29	68
2.	Rejected			3	2	5
3.	Withdrawn			2 __________	0 __________	2 _________
	Sub-total			70	36	106
4.	Renewals⁽³⁾			(35) __________	(25) __________	(60) _________
Total				35	11	46
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	54	18	72
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	16	N/A	16
		(iii)	Transfer of listing from GEM to Main Board	6	N/A	6
		(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 __________	1 __________	2 ________
Total				77	19	96

First Comment Letters Issued⁽⁴⁾
	a.	November 2013	2
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter	9

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	November 2013	13
	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 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 3 and the average number of days taken is 10.
⁽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 29 November 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	6	6
	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	7	10
(b)	Number of companies in suspension for three months or more (as at 29 November 2013)
	a.	Companies not in delisting procedures	33	6	39
	b.	Main Board companies in delisting procedures:

		- first stage of delisting⁽⁶⁾	0	N/A	0
		- second stage of delisting⁽⁷⁾	2	N/A	2
		- 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			42	9	51

Other Information
(As at 29 November 2013)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 29 November 2013)	1,425	190	1,615

⁽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.