1989 Ed.] Securities (Stock Exchange Listing) Rules
[CAP. 333
C5
[Subsidiary]
reasons for the cancellation, it considers the application ought not to have been made; or
(e) the Commission is of the opinion that it would not be in the
public interest for the securities to be listed.
(5) Where the Commission, in the exercise of its powers under sub-rule (4), objects to a listing it shall, when notifying the Exchange Company and the applicant thereof, state the reasons for such objection.
5. Listing agreement
(1) A listing agreement shall contain such provisions (hereinafter in these rules referred to as "the specified provisions") as are agreed from time to time between the Commission and the Exchange Company for inclusion in the type of listing agreement appropriate to the type of issuer and the type of securities concerned as determined in accordance with the rules governing the listing of securities on the Unified Exchange as issued by the Exchange Company from time to time.
(2) The specified provisions shall not be waived or varied by the issuer and the Exchange Company without the prior consent of the Commission.
6. Suspension of dealings where false or misleading
information has been supplied
Where any securities have been listed on the Unified Exchange and it appears to the Commission that materially false, incomplete or misleading information has been supplied to the Exchange Company or the Commission under rule 3 or 4(2), the Commission may by notice direct the Exchange Company to suspend all dealings in the securities; and the Exchange Company shall forthwith comply with any such direction.
7.
Exemptions from rule 3
Nothing in rule 3 shall apply to the listing of any-
(a) securities on the Unified Exchange upon and after the appointed day, where the securities were listed on any other stock exchange in Hong Kong immediately prior to that day;
(b) securities issued or allotted by a capitalization issue pro rata (apart from fractional entitlements) to existing shareholders, other than to overseas shareholders to whom they are not issued or allotted because of restrictions imposed by overseas legislation, or to any existing shareholders pursuant to a scrip dividend scheme which has been approved by the company in general meeting;
(c) securities offered on a pre-emptive basis, pro rata (apart from fractional entitlements) to existing holdings, to holders of the
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1989 Ed.] Securities (Stock Exchange Listing) Rules
[CAP. 333
C5
[Subsidiary]
reasons for the cancellation, it considers the application ought not to have been made; or
(e) the Commission is of the opinion that it would not be in the
public interest for the securities to be listed.
(5) Where the Commission, in the exercise of its powers under sub- rule (4), objects to a listing it shall, when notifying the Exchange Company and the applicant thereof, state the reasons for such objection.
5. Listing agreement
(1) A listing agreement shall contain such provisions (hereinafter in these rules referred to as "the specified provisions") as are agreed from time to time between the Commission and the Exchange Company for inclusion in the type of listing agreement appropriate to the type of issuer and the type of securities concerned as determined in accordance with the rules governing the listing of securities on the Unified Exchange as issued by the Exchange Company from time to time.
(2) The specified provisions shall not be waived or varied by the issuer and the Exchange Company without the prior consent of the Commission.
6. Suspension of dealings where false or misleading
information has been supplied
Where any securities have been listed on the Unified Exchange and it appears to the Commission that materially false, incomplete or misleading information has been supplied to the Exchange Company or the Commission under rule 3 or 4(2), the Commission may by notice direct the Exchange Company to suspend all dealings in the securities; and the Exchange Company shall forthwith comply with any such direction.
7.
Exemptions from rule 3
Nothing in rule 3 shall apply to the listing of any-
(a) securities on the Unified Exchange upon and after the appointed day, where the securities were listed on any other stock exchange in Hong Kong immediately prior to that day;
(b) securities issued or allotted by a capitalization issue pro rata (apart from fractional entitlements) to existing shareholders, other than to overseas shareholders to whom they are not issued or allotted because of restrictions imposed by overseas legislation, or to any existing shareholders pursuant to a scrip dividend scheme which has been approved by the company in general meeting;
(c) securities offered on a pre-emptive basis, pro rata (apart from fractional entitlements) to existing holdings, to holders of the
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