C6
CAP. 333] Securities (Stock Exchange Listing) Rules
[1989 Ed.
[Subsidiary]
relevant class of shares in the company, other than to overseas shareholders to whom they were not offered because of restrictions imposed by overseas legislation;
(d) shares issued in substitution for shares, listed on the Unified Exchange as the substituted shares, if the issue of the shares does not involve any increase in the issued share capital of the company.
PART III
SPECIFIED PROVISIONS
8. Breach of specified provisions
(1) Subject to subrule (2), where it appears to the Commission that any securities of an issuer have been listed but the issuer has failed to comply with any specified provision (if applicable) of the listing agreement entered into by the issuer in respect of those securities, the Commission may by notice direct the Exchange Company to suspend all dealings in the securities of the issuer; and the Exchange Company shall forthwith comply with any such direction.
(2) Where by subrule (1) the Commission is empowered to suspend dealings in securities by reason of any failure by an issuer to comply with any specified provision, the Commission shall, if the failure is one capable of being remedied and did not in its opinion result from any wilful default on the part of the issuer, prior to exercising its powers under subrule (1) give the issuer a reasonable opportunity of remedying such failure, within such time as the Commission may specify, and the Commission shall not exercise those powers if the issuer does so remedy such failure.
PART IV
SUPPLEMENTARY
9. Suspension in interests of the maintenance of an orderly market or where condition imposed under rule 10 not complied with
Where it appears to the Commission-
(a) to be necessary or expedient in the interests of maintaining an orderly market in Hong Kong; or
(b) there has been a failure to comply with any condition imposed by the Commission under rule 10(3) relating to the listing of, or dealings in, any securities,
the Commission may, by notice to the Exchange Company, direct the Exchange Company to suspend all dealings in such securities as may be specified in the notice; and the Exchange Company shall forthwith comply with the notice.
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C6
CAP. 333] Securities (Stock Exchange Listing) Rules
[1989 Ed.
[Subsidiary]
relevant class of shares in the company, other than to overseas shareholders to whom they were not offered because of res- trictions imposed by overseas legislation;
(d) shares issued in substitution for shares, listed on the Unified Exchange as the substituted shares, if the issue of the shares does not involve any increase in the issued share capital of the
company.
PART III
SPECIFIED PROVISIONS
8. Breach of specified provisions
(1) Subject to subrule (2), where it appears to the Commission that any securities of an issuer have been listed but the issuer has failed to comply with any specified provision (if applicable) of the listing agreement entered into by the issuer in respect of those securities, the Commission may by notice direct the Exchange Company to suspend all dealings in the securities of the issuer; and the Exchange Company shall forthwith comply with any such direction.
(2) Where by subrule (1) the Commission is empowered to suspend dealings in securities by reason of any failure by an issuer to comply with any specified provision, the Commission shall, if the failure is one capable of being remedied and did not in its opinion result from any wilful default on the part of the issuer, prior to exercising its powers under subrule (1) give the issuer a reasonable opportunity of remedying such failure, within such time as the Commission may specify, and the Commission shall not exercise those powers if the issuer does so remedy such failure.
PART IV
SUPPLEMENTARY
9. Suspension in interests of the maintenance of an orderly market or where condition imposed under rule 10 not complied with
Where it appears to the Commission-
(a) to be necessary or expedient in the interests of maintaining an
orderly market in Hong Kong; or
(b) there has been a failure to comply with any condition imposed by the Commission under rule 10(3) relating to the listing of, or dealings in, any securities,
the Commission may, by notice to the Exchange Company, direct the Exchange Compay to suspend all dealings in such securities as may be specified in the notice; and the Exchange Company shall forthwith comply with the notice.
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