What is meant by "substantially all of a listed corporation's assets" under the definition of "Major Disposal" in Rule 10.02(eA) of the ACE LR?
Disposal of "substantially all of the listed corporation's assets" refers to a disposal by a listed corporation of almost all of its assets, which is so material that upon the completion of the transaction, it will result in the listed corporation triggering the criteria for a cash company under Rule 8.03 and Guidance Note 2 or any of the criteria prescribed under Rule 8.04 and Guidance Note 3 of the ACE LR.