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

Updated: 29 March 2019

GEM

New Applications Accepted(1)                                                                                                                                                                
  a. March 2019   4
  b. 2019 Year-to-date   10
         
Approvals in principle granted(1)
  a. March 2019   1
  b. 2019 Year-to-date   3
         
Active applications (1) (as at 29 March 2019)
  1. Under processing :    
    a. New applications accepted since 1 January 2019   10
    b. Others   21
    Sub-total   31
  2. Approval in principle granted    
    a. Approvals granted since 1 January 2019   1
    b. Others   0
   

Total

  32
Inactive applications (2) (since 1 January 2019)
  1. Lapsed  
   a. Approval in principle granted but not listed prior to application lapsed   1
     b. Others   23
  2. Rejected   2
  3. Withdrawn   1
  4. Returned (3)   0
                                                          Total   27
         
  5. Renewals (4)   15
  6. Returned cases resubmitted (5)   0
   

Total

                      15
No. of new listings (since 1 January 2019)
  1. Newly listed companies(6)   5
  2. Transfer of listing from GEM to Main Board   N/A
         
   

Total

                    

5

         
 
First Comment Letters Issued (7) Main Board and GEM
    a. March 2019   21
    b. Average number of days taken between the date of application and the date of issue of related first comment letter   14
         
Guidance issued to potential new listing applicants or their advisers on matters relating to the Listing Rules    
    a. March 2019   12
    b. Average number of days taken between the date of request for guidance and the date of issue of written response(8)   12
     
(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(2) Includes any application (or renewal) not approved, returned, rejected or withdrawn within six months from date of application.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) Not include transfer of listing from GEM to the Main Board.
(7)

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.

 

(8)

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".