SFC/HKEx: Waiver Of General Effect In Relation To Listed Issuers Engaging In Acquisitions Of Land Or Property Development Projects In Hong Kong From Government Or Government-Controlled Entities Through Public Auctions Or Tenders

The Stock Exchange of Hong Kong Limited (SEHK) and the Securities and Futures Commission (the Commission or the SFC) jointly announce that the Commission has, pursuant to Rule 2.04 of the Main Board Listing Rules and Rule 2.07 of the GEM Listing Rules, consented to grant a conditional waiver of general effect (the Waiver) to listed issuers actively engaged in property development as a principal business activity (Qualified Issuers) from the shareholders’ approval requirement of the Listing Rules in acquisitions of land or property development projects in Hong Kong from Government or Government-controlled entities through public auctions or tenders (Qualified Property Projects).

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