Hong Kong has pledged to vet and debut companies in about 100 days in a bid to guarantee a set time-frame for initial public offering (IPO) applicants.
For companies fully meeting listing requirements, the stock exchange and regulator will limit the two rounds of question-and-answer sessions to within 40 business days, according to a joint statement by Hong Kong Exchanges and Clearing (HKEX) and the Securities and Futures Commission (SFC).
It is expected that another 60 business days will be needed by applicants and sponsoring banks to address any comments by regulators. The median time to get approved is now 173 business days.
Bu hikaye The Straits Times dergisinin October 21, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin October 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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