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significant change in the business direction or policy

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.