New Listings Progress Report for New Listing Applications
Progress Report for New Listing Applications

Updated: 31 August 2018

GEM

New Applications Accepted                                                                                                                                                                
  a. August 2018    
    (i)  Application(s) made by companies pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules   7
    (ii) Application(s) made by investment vehicle(s)  pursuant to Chapters 20 and 21 of the Main Board Listing Rules   N/A
    (iii) Application(s) for transfer of listing from GEM to Main Board   N/A
    (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
         
    Total   7
 
  b. 2018 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   56
    (ii) Application(s) made by investment vehicle(s) pursuant to Chapters 20 and 21 of the Main Board Listing Rules   N/A
    (iii) Application(s) for transfer of listing from GEM to Main Board   N/A
    (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)   2
         
    Total   58
Approvals in principle granted(1)
    a. August 2018   4
    b. 2018 Year-to-date   53
Active applications (1) (as at 31 August 2018)
  1. Under processing :    
    a. New applications accepted since 1 January 2018   49
    b. Others   5
    Sub-total   54
  2. Approval in principle granted    
    a. Approvals granted since 1 January 2018   5
    b. Others   0
   

Total

  59
Inactive applications (2) (since 1 January 2018)
  1. Lapsed  
   a. Approval in principle granted but not listed prior to application lapsed   19
     b. Others   50
  2. Rejected   3
  3. Withdrawn   4
  4. Returned (3)   0
                                                          Total   76
         
  5. Renewals (4)   57
  6. Returned cases resubmitted (5)   1
   

Total

                     58
No. of new listings (since 1 January 2018)
    (i)  Companies listed pursuant to Chapter 8 of the Main Board Listing Rules/ Chapter 11 of the GEM Listing Rules   62
    (ii) Investment vehicle(s) listed  pursuant to Chapters 20 and 21 of the Main Board Listing Rules   N/A
    (iii) Transfer of listing from GEM to Main Board   N/A
    (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
   

Total

                    

62

         
 
First Comment Letters Issued (6) Main Board and GEM
    a. August 2018   32
    b. Average number of days taken between the date of application and the date of issue of related first comment letter   22
         
Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules    
    a. August 2018   23
    b. Average number of days taken between the date of request for guidance and the date of issue of written response(7)   11
     
(1) 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 GEM to 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)/GEM Listing Rule 19.06(6).

 

(2) Includes any application (or renewal) not approved, returned, rejected or withdrawn within six months from date of application.
(3)

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.

(4)

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

(5)

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

(6)

First comment letters are the first letters issued by Listing Division staff that contain the Listing Division's 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 35 and the average number of days taken is 22.

 

(7)

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".