In this issue, we highlight the regulatory developments during the second quarter of 2013 with a focus on matters of importance to directors, management and other persons who are responsible for compliance with the Listing Rules. These include:
• New Guidance Letters and Listing Decisions for listing applicants in their preparation of listing applications.
• A series of Listing Decisions for listed issuers with respect to requirements on connected transactions, notifiable transactions, rights issues and reverse takeovers.
• Two consultation papers on connected transactions published by The Hong Kong Stock Exchange (‘the Exchange’) aiming to simplify the existing connected transaction rules.