China Legal Blog
Aggregated China Law Information
exclusive Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry
Aggregated Source: ChinaLegalBlog.com

Companies seeking to raise funds on the HKEX’s Main Board must have earned at least HK$80 million in combined profits in the three years prior to the listing, the source saidThe HKEX received overwhelming opposition from brokers, accountants, investment bankers and legislators to its proposal to raise the profit threshold to HK$125 million…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

Original URL: Click here to visit original article