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The Stock Exchange of Hong Kong Limited (Stock Exchange) recently amended the Rules Governing the Listing of Securities on the Stock Exchange (Listing Rules) to adopt a new framework for treasury shares.[1] The amended Listing Rules remove the requirement for listed companies to cancel repurchased shares and listed companies will be allowed to hold the repurchased shares in treasury for future resale if permitted under the laws of their places of incorporation and their constitutional documents.
Hong Kong February 19 2021 On 8 February 2021, the Securities and Futures Commission of Hong Kong* (the “SFC”) issued a consultation paper[1] (the “Consultation Paper”) which, if enacted as proposed, would have a far-reaching impact on the way in which public offerings of equity and debt securities are made in Hong Kong SAR. Comments to the Consultation Paper will be open through 7 May 2021.
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