Listco definition
Examples of Listco in a sentence
Mainland China foreign ownership limits on the number of shares a foreign investor is permitted to hold in a single Mainland China Listco and on the maximum combined holdings of all foreign investors in a single Mainland China Listco may have an adverse effect on the liquidity and performance of an investment in China Connect Securities.
Moreover, under Mainland China laws, where foreign investors hold in aggregate more than a specified percentage (the “Cautionary Level”) of the issued shares of a single Mainland China Listco, upon notification by the relevant China Connect Market to the corresponding SEHK Subsidiary, SEHK and the relevant SEHK Subsidiary are required as soon as practicable thereafter to suspend accepting China Connect Securities buy orders in respect of the relevant China Connect Securities.
If you hold or control shares on an aggregate basis in a Mainland China Listco above a certain threshold, you may have to disclose such interest within the period specified by the relevant China Connect Authority, and you must not buy or sell any such shares within a specified period.
Notwithstanding the foregoing, Listco shall not suspend any Registration Statement or related prospectus for more than 45 consecutive days or for a total of more than 90 consecutive days in any 12 month period (each a “Permitted Suspension” and together the “Permitted Suspensions”).
Listco shall bear all Registration Expenses in connection with any Incidental Registration pursuant to this Section 3.