Report on Initial Public Offering Applications, Delisting and Suspensions
(As at 31 December 2012)
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(1)
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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 GEMto 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)/GEMListing Rule 19.06(6).
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(2)
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Includes any application (or renewal) not approved, rejected or withdrawn within six months.
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(3)
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Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.
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(4)
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First comment letters are the first letters issued by Listing Division staff that contain the Listing Division's comments on the respective listing applications. It only covers the first comment letters issued this month. For reports issued from January 2011 onwards, non-business days have been subtracted from "the average number of days taken". The figures exclude cases for a transfer of listing from GEM to the Main Board. If included, the number of first comment letters issued is seven and the average number of days taken is 15.
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(5)
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Covers only the guidance letters issued this month. For the reports issued from January 2011 onwards, non-business days have been subtracted from "the average number of days taken".
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(a)
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Number of delisted companies (since 1 January 2012)
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a.
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Withdrawal of listing pursuant to privatisation
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8
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0
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8
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b.
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Transfer of listing from GEM to Main Board
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N/A
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2
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2
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c.
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Cancellation of listing pursuant to delisting procedures under the Listing Rules
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2
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0
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2
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d.
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Voluntary withdrawal of listing
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0
__________
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1
__________
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1
__________
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Total
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10
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3
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13
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(b)
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Number of companies in suspension for three months or more
(as at 31 December 2012)
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a.
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Companies not in delisting procedures
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32
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5
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37
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b.
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a)
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Main Board companies in delisting procedures:
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- first stage of delisting(6)
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0
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N/A
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0
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- second stage of delisting(7)
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1
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N/A
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1
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- third stage of delisting(7)
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5
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N/A
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5
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b)
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Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10
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0
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N/A
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0
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c.
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GEM companies given 6 months' notice for delisting
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N/A
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3
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3
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d.
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Delisting approvedby the Listing Committee
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2*
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0
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2*
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e.
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The resumption proposal was referred back to the Listing Committee
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1**
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0
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1**
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f.
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Resumption proposalapproved in principle by the Exchange subject to fulfillment of conditions
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2
__________
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2
__________
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4
__________
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Total
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43
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10
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53
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