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【Wealth Succession】HONG KONG: Action against use of shell companies to bypass listing rules

Effective from 1 October, new Hong Kong Stock Exchange rules prohibit large disposals of businesses or assets by listed companies for three years following a change in control. The regulations aim to deter the use of listed companies for ‘back door’ listings, and restrict the creation of listed shell companies offered for sale to businesses who wish to go public without seeking listing.

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