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ACE MARKET LISTING REQUIREMENTS
Currently selected
MAIN MARKET LISTING REQUIREMENTS
significant change in the business direction or policy
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ACE MARKET LISTING REQUIREMENTS
Currently selected
TABLE OF CONTENTS
CHAPTER 1 - DEFINITIONS AND INTERPRETATION
CHAPTER 2 - GENERAL
APPENDIX 2A
APPENDIX 2B
CHAPTER 3 - ADMISSION
CHAPTER 4 - SPONSORS
CHAPTER 5 - FOREIGN LISTING
CHAPTER 6 - NEW ISSUES OF SECURITIES
APPENDIX 6A
APPENDIX 6B
APPENDIX 6C
APPENDIX 6D
APPENDIX 6E
APPENDIX 6F
CHAPTER 7 - ARTICLES OF ASSOCIATION
CHAPTER 8 - CONTINUING LISTING OPBLIGATIONS
APPENDIX 8A
APPENDIX 8B
APPENDIX 8C
APPENDIX 8D
APPENDIX 8E
CHAPTER 9 - DISCLOSURE OBLIGATION
APPENDIX 9A
APPENDIX 9B
APPENDIX 9C
CHAPTER 10 - TRANSACTIONS
APPENDIX 10A
APPENDIX 10B
APPENDIX 10C
APPENDIX 10D
CHAPTER 11 - TAKE-OVERS & MERGERS
CHAPTER 12 - SHARE BUY-BACKS
APPENDIX 12A
APPENDIX 12B
APPENDIX 12C
APPENDIX 12D
CHAPTER 13 - ARRANGEMENTS AND RECONSTRUCTIONS
APPENDIX 13A
APPENDIX 13B
APPENDIX 13C
APPENDIX 13D
APPENDIX 13E
APPENDIX 13F
CHAPTER 14 - DEALINGS IN LISTED SECURITIES
CHAPTER 15 - CORPORATE GOVERNANCE
CHAPTER 16 - SUSPENSION, DE-LISTING AND ENFORCEMENT
APPENDIX 16A
Guidance Note 1
Guidance Note 2
Guidance Note 3
Guidance Note 4
Guidance Note 5
Guidance Note 6
Guidance Note 7
Guidance Note 8
Guidance Note 9
Guidance Note 10
Guidance Note 11
Guidance Note 12
Guidance Note 13
Guidance Note 14
Guidance Note 15
Guidance Note 16
Guidance Note 17
Guidance Note 18
Guidance Note 19
Guidance Note 20
Guidance Note 21
Guidance Note 22
Page Content
Rule 1.01
significant change in the business direction or policy
in relation to a
listed corporation
means -
(a)
an acquisition of assets such that any one of the percentage ratios is 100% or more, except where the assets to be acquired are the same as those of the existing
core business
of the listed corporation;
(b)
an acquisition of assets which results in a change in the
controlling shareholder
of the listed corporation;
(c)
an acquisition of assets which results in a
change in the board of directors of the listed corporation
;
(d)
an acquisition of assets by a
Cash Company
to regularize its condition pursuant to Rule 8.03(5)(a); or
(e)
a restructuring exercise involving the transfer of the listed corporation's listing status and the introduction of new assets to the other corporation.
For the purpose of this definition, “percentage ratios” means the figures, expressed as a percentage, resulting from each of the following computations:
(i)
the
net assets
value of the assets which are the subject of the acquisition divided by the net assets value of the listed corporation;
(ii)
the revenue attributable to the assets which are the subject of the acquisition divided by the revenue of the listed corporation;
(iii)
the after-tax profits attributable to the assets which are the subject of the acquisition divided by the after-tax profits of the listed corporation;
(iv)
the aggregate value of the consideration for the subject acquisition (including amounts to be assumed by the purchaser, such as the vendor’s liabilities) divided by the aggregate market value of all the ordinary shares of the listed corporation; or
(v)
the number of new shares issued by the listed corporation as consideration for the acquisition divided by the number of shares in the listed corporation in issue prior to the acquisition.