Select Page

M & A

Acquisitions or Disposals by Hong Kong Listed Companies

Under the Hong Kong Stock Exchange Listing Rules (HKEX Listing Rules), a Hong Kong-listed company may be required to publicly disclose and in some cases obtain shareholder approval for acquisitions or disposals which exceed certain financial thresholds (Notifiable Transactions). In the case of acquisition of disposal of mineral or petroleum assets, a listed mineral company may also need to comply with additional requirements to procure a qualified professional to prepare a report on such assets according to certain recognised standards (Competent Person’s Report). In addition, the mineral company will need to provide a statement that no material changes have occurred since the effective date of Competent Person’s Report and disclose any specific and general risks. The listed mineral company should also have regard to HKEX Guidance Note 7 on suggested risk and analysis.

Under the HKEX Listing Rules, an acquisition or disposal will – depending on the size of the transaction – constitute a share transaction, a discloseable transaction, a major transaction, a very substantial transaction or a reverse takeover transaction. These transactions are subject to varying disclosure, announcement and shareholder approval requirements.

Read our latest News

Sinopec To Begin Operations In Sri Lanka On 20 September

McEwen Considers IPO For Its Los Azules Copper Project

NATURAL RESOURCES News   Canadian entrepreneur Rob McEwen said he is contemplating various financing routes for his Los Azules project in Argentina, hinting at a potential initial public offering (IPO) as early as November. Although...

Vision Blue Resources Invests m Into Mayur’s Lime Project

Sinopec To Begin Operations In Sri Lanka On 20 September

NATURAL RESOURCES News   Chinese oil giant, Sinopec, is set to commence operations in Sri Lanka on 20 September. The Chinese firm has been granted a 20-year licence to operate 150 fuel stations and sell fuel below the local...

Oil Prices Fall Ahead Of China’s Economic Data Release

Vision Blue Resources Invests $40m Into Mayur’s Lime Project

NATURAL RESOURCES News   UK investment fund Vision Blue Resources (VBR) is investing $40 million to acquire a 49% stake in Mayur Resources’ lime venture in Papua New Guinea. This capital is anticipated to fully cover the project’s...

Rio Tinto, Guinea’s Government And WCS Collaborate On Simandou Iron ORE Infrastructure Development

Oil Prices Fall Ahead Of China’s Economic Data Release

NATURAL RESOURCES News   Oil prices dipped in early trading on 15 August as investors awaited crucial economic data from China, which is one of the world’s leading oil importers. US West Texas Intermediate crude fell by 0.13% or 11...