Examples of Hong Kong Listing Rules in a sentence
Connected Transactions as Defined in the Hong Kong Listing Rules During the Reporting Period, the Bank did not engage in any connected transaction with connected parties defined in the Hong Kong Listing Rules which is required to be disclosed.
Accordingly, both Dalian COSCO KHI and Nantong COSCO KHI are connected persons of the Company under Chapter 14A of the Hong Kong Listing Rules, and the transactions contemplated under the COSCO MERCURY Shipbuilding Contracts and OOIL Shipbuilding Contracts constitute connected transactions of the Company.
Report of the Directors Ernst & Young, the Company’s auditors, were engaged to report on the Group’s continuing connected transactions in accordance with Hong Kong Standard on Assurance Engagements 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information and with reference to Practice Note 740 Auditor’s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules issued by the Hong Kong Institute of Certified Public Accountants.
Upon completion of the Rights Issue, the Company expects to be able to satisfy the public float requirements under Rule 8.08(1) of the Hong Kong Listing Rules.
Implications under the Hong Kong Listing Rules As at the date of this announcement, COSCO SHIPPING and its associates control or are entitled to exercise control over approximately 46.94% of the total issued share capital of the Company.