Examples of GEM Rules in a sentence
Paragraph 4 of Practice Note 22 to Main Board Rules (paragraph 3 of Practice Note 5 to GEM Rules) sets out the principles for preparation of an AP-Publication.
For example, there may be applicants in industries/ sectors which require specific disclosure; and - identify a checklist of information which must or must not be disclosed, in order for applicants to satisfy listing document content requirements under applicable laws and regulations, the Listing Rules and guidance letters, including Main Board Rules 9.03(3) and 11.07, GEM Rules 12.09 and 14.08(7), and Guidance Letter HKEX-GL56-13.
Listing Rules and Regulations - Main Board Rule 10.09- GEM Rules 13.21 to 13.25- Paragraph 8 of the Third Schedule and Part 4 of Eighteenth Schedule of the Companies (Winding Up and Miscellaneous Provisions) Ordinance- Paragraphs 5.1.2 and 5.1.5 of the Guide to Eligibility and Admission of Securities to the CCASS (the “CCASS Guide”) 2.
In this regard, a statement that the excess will represent working capital shall not be adequate unless a reasonably detailed explanation is given as to how such working capital is to be applied; and - paragraph 48 of Part A of Appendix 1 to the GEM Rules states that except for a listing by introduction, the listing document should disclose a detailed explanation of the intended use of the proceeds of the issue.
Main Board Rule 9.03(3) (GEM Rule 12.09) provides, among other things, that an applicant must submit a listing application form, an Application Proof and all other relevant documents under Main Board Rule 9.10A(1) (GEM Rules 12.22 and 12.23), and the information in these documents must be substantially complete except for information that by its nature can only be finalised and incorporated at a later date.
See Paragraphs 49(1) and 50 of the respective Part A of Appendix 1 to the Main Board Rules and the GEM Rules which require disclosure of details of any property acquisition or proposed acquisition which consideration has not been completed at the date of the listing document, including the names and addresses of the vendor, the consideration (including amounts to be accounted as goodwill).each specified purpose should be disclosed in the “Use of Proceeds” or the “Business” section of the listing document.
We will amend the GEM Rules to reduce the premium threshold from 15% to 10% for computing the size tests for notifiable transactions and the de minimis thresholds for connected transactions, which involve options that are exercisable at the discretion of issuers.
Main Board Rules 2.03(2) and (4) (GEM Rules 2.06(2) and (4)) require the issue and marketing of securities to be conducted in a fair and orderly manner, and that all holders of listed securities be treated fairly and equally.
A Main Board listing applicant planning to list within three months after the end of the most recent financial year of its TRP (GEM: two months) may omit the full financial information for its most recent financial year if it applies for and obtains from the Exchange a waiver from strict compliance with the requirements under Main Board Rule 4.04 or Rule 18A.06 (GEM Rules 7.03(1) and 11.10).
The sponsor’s view, with basis, on the directors’ suitability under GEM Rules 5.01 and 5.02 and Company O’s suitability for listing should be provided and, where applicable, disclosed.