Report on Initial Public Offering Applications, Delisting and Suspensions
(As at 31 October 2017)

New Applications Accepted

a.

October 2017

(i)

Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules

8

5

13

(ii)

Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules

0

N/A

0

(iii)

Application(s) for transfer of listing from GEM to Main Board

0

N/A

0

(iv)

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)/GEM Listing Rule 19.06(6)

0

________

0

________

0

________

Total

8

5

13

b.

2017 Year-to-date

(i)

Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/Chapter 11 of the GEM Listing Rules

117

111

228

(ii)

Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules

22

N/A

22

(iii)

Application(s) for transfer of listing from GEM to Main Board

22

N/A

22

(iv)

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)/GEM Listing Rule 19.06(6)

7

_________

0

_________

7

_________

Total

168

111

279

Approvals in principle granted

a.

October 2017

17

7

24

b.

2017 Year-to-date

97

64

161

Active applications (as at 31 October 2017)

1.

Under processing

a.

New applications accepted since 1 January 2017

92

70

162

b.

Others

7

_________

7

________

14

_________

Sub-total

99

77

176

2.

Approval in principle granted

a.

Approvals granted since 1 January 2017

16

9

25

b.

Others

0

_________

0

_________

0

_________

Total

115

86

201

1.

Lapsed

a.

Approval in principle granted but not listed prior to application lapsed

14

14

28

b.

Others

59

65

124

2.

Rejected

3

4

7

3.

Withdrawn

3

11

14

4.

Returned

2
_________

0
_________

2
_________

Total

81

94

175

5. Renewals

60

66

126

6.

Returned cases resubmitted

0
_________

3
_________

3
_________

Total

60

69

129

No. of new listings(since 1 January 2017)

(i)

Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules

56

65

121

(ii)

Investment vehicle(s) listed pursuant to Chapters 20 and 21 of the Main Board Listing Rules

21

N/A

21

(iii)

Transfer of listing from GEM to Main Board

10

N/A

10

(iv)

Deemed new listing(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)/GEM Listing Rule 19.06(6)

0

_________

0

_________

0

_________

Total

87

65

152

a.

October 2017

20

b. Average number of days taken between the date of application and the date of issue of related first comment letter

24

Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules

a. October 2017

10

b.

Average number of days taken between the date of request for guidance and the date of issue of written response

9


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).

Includes any application (or renewal) not approved, returned, rejected or withdrawn within six months from date of application.

 Applications accepted for vetting but subsequently returned on the ground that the information in the listing application proof or related documents is not substantially complete.

Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.

Applications resubmitted to the Exchange after an 8-week moratorium from the date of the return letter.

First comment letters are the first letters issued by Listing Department staff that contain the 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 22 the average number of days taken is 24.

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'.

Delisting and Suspension Information
(As at 31 October 2017)

(a)

Number of delisted companies (since 1 January 2017)

a.

Withdrawal of listing pursuant to privatisation

5

0

5

b.

Transfer of listing from GEM to Main Board

N/A

10

10

c.

Cancellation of listing pursuant to delisting procedures under the Listing Rules

2

2

4

d.

Voluntary withdrawal of listing

2
_______

1
_________

3
_________

Total

9

13

22

(b)

Number of companies in suspension for three months or more
(as at 31 October 2017)

a.

Companies not in delisting procedures

30

1

31

b.

Main Board companies in delisting procedures:

- first stage of delisting

3

N/A

3

- second stage of delisting

3

N/A

3

- third stage of delisting

13

N/A

13

- others

2 N/A 2

c.

GEM companies given 6 months' notice for delisting

N/A

2

2

d.

Delisting approved by the Listing Committee

3*

0

3

e.

Resumption proposalsapproved in principle by the Exchange subject to fulfillment of conditions

1
_________

0

_________

1

_________

Total

55

3

58

Other Information
 (As at 31 October 2017)

(c)

Number of listed companies (as at 31 October 2017)

1,770

312

2,082

Where the Exchange has issued a letter to the long-suspended company informing it of the commencement of the delisting procedures under Practice Note 17 to the Main Board Listing Rules and that the Exchange will consider placing the company in the second stage of delisting if the company fails to submit a viable resumption proposal by the deadline set out in the letter.

Long-suspended Main Board companies having problems with sufficient operations or assets are placed in the second and third stages of delisting under Practice Note 17 to the Main Board Listing Rules.

 The Exchange has decided to commence procedures under Rule 6.01(4) to cancel the listing of companies on the ground that they are no longer suitable for listing.
* The companies applied to the Exchange to review the delisting decisions. The review procedures are in progress.

This report is updated on the last trading day of each month.

Ends

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