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FAQ 10.3

Definition of "transaction"

 

​10.3

​Is the receipt of financial assistance by a listed corporation or its subsidiaries from a major shareholder or director considered a "transaction" for the purpose of Part E, Chapter 10 of the ACE LR?

​No, the receipt of financial assistance by a listed corporation or its subsidiaries from a major shareholder or director is not "provision of financial assistance" as envisaged under Rule 10.02(j) and therefore, it is not a "transaction" for the purposes of Part E of Chapter 10 of the ACE LR.