17.08.2019
 Hk Listing Requirement Article

The HK Exchange discusses your chance requirements of an IPO for two types of issuers, Progress Enterprise Marketplace (GEM) and the Main board, this survey will focus on the requirement for main board simply: The Profits/Revenue/Cash Flow requirement of a main board company: For the company being listed in HK exchange, the company should have by least 3 years trading monetary records and meet one of the following three financial requirements: 1 . Income test: the money attributed to shareholders reached for least HK$50million in the last 3 financial years, with revenue of in least HK$20million recorded pertaining to the the latest year, and aggregate HK$30 million intended for the 2 years before. The corporation also needs to possess at least HK$200 , 000, 000 capital at the time of listing. 2 . Market cap/Revenue test: the organization has at least HK$4 billion during listing and revenue of at least HK$500 mil for the most latest audited monetary year. 3. Market cap/Revenue/Cash flow test: first, the business has by least HK$2 billion at the time of listing. Second, the company received at least HK$500 million for the recent audited financial year. Last, the business has great cash Flow via operating actions of in least HK$100 million in aggregate intended for the three earlier financial years. Trading Record: the company is required to possess a trading record of at least 3 financial years. However , if the firm can illustrate that the management has sufficient experience in the line and business of the company for at least 3 years, and management continuity for the most new financial years, the trading period might be shorten. Spread of shareholders: For key board people, the fairness securities in the hands of public must be held between at least 300 cases. Accounting standards: A new applicant's account should be prepared in accordance with either HK financial revealing standards or IFRS. Banking companies must also abide by the Financial Disclosure by simply Locally...