Popular Posts
Hong Kong Companies Annual General Meeting (AGM) Requirements under the Companies Ordinance
This article summarizes the requirement of Hong Kong companies to hold annual general meeting (or AGM) under Hong Kong law – more specifically, section 111 of the Companies Ordinance (Chapter 32, Laws of Hong Kong). This requirement applies to companies that are incorporated in Hong Kong (whether listed companies or private companies) or companies that [...]
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Hong Kong Stock Exchange (HKEx) IPO initial listing fees and annual listing fees
Of course it’s good to raise over US$200 million from an IPO on the Hong Kong Stock Exchange (HKEx). But have you ever wondered how much it costs to list on the HKEx? In this article, I’m going to tell you the listing fees that HKEx charges your company. The initial listing fee and annual [...]
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Christmas ecard and best wishes
It’s the time of year again. On behalf of AskVenture.com, I wish you a merry christmas and happy new year. I made this Christmas ecard so that I could share this festive season with people I know, people I care, and people I miss. To all entrepreneurs – I hope that you can continue to [...]
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A review of the Hong Kong Stock Exchange and IPO market in the year of 2010
Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second [...]
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Hong Kong IPO – A list of acceptable overseas jurisdictions
The Hong Kong Stock Exchange has formally ruled that the following overseas jurisdictions are acceptable as an issuer’s place of incorporation. Australia Bermuda Brazil British Virgin Islands Canada – Alberta Canada – British Columbia Canada – Ontario Cayman Islands Cyprus France Germany Guernsey Isle of Man Italy Japan Jersey Luxmbourg People’s Republic of China Singapore [...]
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Hong Kong IPO listed companies minimum public float requirement
What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time [...]
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Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test
I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or [...]
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Incorporation of a Hong Kong company limited by shares as a special purpose vehicle (spv) or holding company
Some clients I work with require the incorporation of a Hong Kong limited company in the process of their private equity, M&A or capital markets investments. I have helped a lot of clients incorporate such company which is mainly used as a special purpose vehicle (SPV) or a holding company. In this article, I discuss [...]
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Confidentiality agreement or NDA – restricted use of confidential information
This is another post on NDA. I wrote a post on return or destruction of confidential information not long ago. This post is on restricted use of confidential information. I have only a few points to make. 1. Normally, Seller will be disclosing confidential information not just to Buyer, but also to Buyer’s Representatives. Representatives [...]
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Confidentiality agreement or NDA – return or destruction of confidential information
Let’s talk about confidentiality agreement (aka non-disclosure agreement or NDA) in this post – specifically on the clause relating to return or destruction of confidential information. There may be a confidentiality clause in a term sheet, but in this post, we are focusing on NDAs. You will almost definitely see a clause relating to return [...]
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