HONG KONG: Hong Kong Exchanges and Clearing on Monday (Sep 21) proposed easing rules for listed companies making large deals and spin-offs, as the bourse seeks to boost the city’s appeal as a listing venue.
Under a consultation paper produced by HKEX, shareholder approval for most major acquisitions, sales and other transactions would be required only when a deal equals 50 per cent or more of a company’s size, up from 25 per cent now.
“This reform seeks to give issuers greater flexibility and certainty in their corporate transactions,” HKEX Head of Listing Katherine Ng said in a statement.
She added that the proposal would improve efficiency in…
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