Hong Kong Capital Market Developments

May 11, 2012

In this issue of our Hong Kong Securities Market Update, we set out the recent clarifications in the Hong Kong Stock Exchange's new guidance letters regarding disclosure requirements for acquisition of subsidiaries or businesses and use of IPO proceeds. We also introduce the Securities and Futures Commission's key amendments to the Takeovers Code as well as the first plain language guide released by the Hong Kong Stock Exchange on the connected transactions rules.

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