HKEx Report On Initial Public Offering Applications, Delisting And Suspensions, As At 30 April 2014

					Main Board	GEM	Total
New Applications Accepted
	a.		April 2014
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules	22	6	28
			(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	4	N/A	4
			(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		29	6	35
	b.		2014 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	54	15	69
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	6	N/A	6
			(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)	1 __________	0 __________	1 ________
			Sub-total		67	15	82
Approvals in principle granted⁽¹⁾
	a.	April 2014			11	0	11
	b.	2014 Year-to-date			32	1	33
Active applications⁽¹⁾ (as at 30 April 2014)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2014			47	13	60
	b.	Others			3 __________	4 __________	7 ________
		Sub-total			50	17	67
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2014			16	0	16
	b.	Others			2 __________	0 __________	2 _________
Total					68	17	85

Inactive applications⁽²⁾ (since 1 January 2014)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		8	0	8
	b.	Others		15	6	21
2.	Rejected			2	2	4
3.	Withdrawn			1	1	2
4.	Returned⁽³⁾			2 __________	1 __________	3 __________
	Sub-total			28	10	38
5.	Renewals⁽⁴⁾			(10)	(2)	(12)
6.	Returned cases resubmitted⁽⁵⁾			(0) __________	(1) __________	(1) _________
Total				18	7	25
No. of new listings(since 1 January 2014)
		(i)	Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	20	5	25
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	3	N/A	3
		(iii)	Transfer of listing from GEM to Main Board	2	N/A	2
		(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 __________	0 __________	0 ________
Total				25	5	30

First Comment Letters Issued⁽⁶⁾
	a.	April 2014	37
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter	11

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	April 2014	7
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response⁽⁷⁾	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⁾	Applications accepted for vetting but subsequently returned on the ground that the information in the listing application proof or related documents is not substantially complete.
⁽⁴⁾	Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.
⁽⁵⁾	Applications returned by the Exchange but were subsequently resubmitted after the 8-week moratorium from the date of the return letter.
⁽⁶⁾	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 41 and the average number of days taken is 11.
⁽⁷⁾	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 30 April 2014)

			Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2014)
	a.	Withdrawal of listing pursuant to privatisation	0	0	0
	b.	Transfer of listing from GEM to Main Board	N/A	2	2
	c.	Cancellation of listing pursuant to delisting procedures under the Listing Rules	0	0	0
	d.	Voluntary withdrawal of listing	1 __________	0 __________	1 __________
Total			1	2	3
(b)	Number of companies in suspension for three months or more (as at 30 April 2014)
	a.	Companies not in delisting procedures	26	5	31
	b.	Main Board companies in delisting procedures:
		- first stage of delisting⁽⁸⁾	1	N/A	1
		- second stage of delisting⁽⁹⁾	1	N/A	1
		- third stage of delisting⁽⁹⁾	2	N/A	2
	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	3 ___________	0 ___________	3 ___________
Total			35	7	42

Other Information
(As at 30 April 2014)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 30 April 2014)	1,472	195	1,667

⁽⁸⁾	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.
⁽⁹⁾	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 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.