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

					Main Board	GEM	Total
New Applications Accepted
	a.		January 2012
			(i)	Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules	10	1	11
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	7	N/A	7
			(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 __________	0 __________	0 ________
			Sub-total		17	1	18
	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	10	1	11
			(ii)	Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules	7	N/A	7
			(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 __________	0 __________	0 ________
			Sub-total		17	1	18
Approvals in principle granted⁽¹⁾
	a.	January 2012			8	1	9
	b.	2012 Year-to-date			8	1	9
Active applications⁽¹⁾ (as at 31 January 2012)
1.	Under processing (based on listing application form accepted):
	a.	New applications accepted since 1 January 2012			13	1	14
	b.	Others			36 __________	17 __________	53 ________
		Sub-total			49	18	67
2.	Approval in principle granted
	a.	Approvals granted since 1 January 2012			8	1	9
	b.	Others			26 __________	0 __________	26 ________
Total					83	19	102

Inactive applications⁽²⁾ (since 1 January 2012)
1.	Lapsed
	a.	Approval in principle granted but not listed prior to application lapsed		3	0	3
	b.	Others		6	2	8
2.	Rejected			0	0	0
3.	Withdrawn			1 __________	0 __________	1 ________
	Sub-total			10	2	12
4.	Renewals⁽³⁾			(4) _________	(1) __________	(5) ________
Total				6	1	7
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	8	3	11
		(ii)	Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules	13	N/A	13
		(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)	0 __________	0 __________	0 ________
		Total		21	3	24

First Comment Letters Issued⁽⁴⁾
	a.	January 2012	3
	b.	Average number of days taken between the date of application and the date of issue of related first comment letter⁽⁵⁾	15

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules
	a.	January 2012	5
	b.	Average number of days taken between the date of request for guidance and the date of issue of written response⁽⁵⁾	4

⁽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 31 January 2012)

				Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2012)
	a.	Withdrawal of listing pursuant to privatisation		0	0	0
	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				1	0	1
(b)	Number of companies in suspension for three months or more (as at 31 January 2012)
	a.	Companies not in delisting procedures		21	7	28
	b.	a)	Main Board companies in delisting procedures:

			- first stage of delisting⁽⁶⁾	3	N/A	3
			- 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		6 __________	1 __________	7 __________
Total				39	10	49

Other Information
(As at 31 January 2012)

		Main Board	GEM	Total
(c)	Number of listed companies (as at 31 January 2012)	1,333	173	1,506

⁽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 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.