42/F Edinburgh Tower, The Landmark, 15 Queen's Road Central
Overview (Program Summary)
A program hosted by:
ACC Hong KongThe ACC Hong Kong Board of Directors invites you to the following presentation, hosted by Skadden, Arps, Slate, Meagher & Flom
Since 2013, the Hong Kong Exchange has engaged in a gradual process of "plugging the loopholes" for backdoor listings and the creation of "shell" companies, with a view to improving the overall quality of the market. A series of new rules that came into effect on 1 October 2019 continue this trend, but have the potential to impact transactions by listed companies that are entered into for bona fide, well-founded corporate purposes. As the pace of global change accelerates and companies engage in investments and acquisitions in new areas, potentially taking their businesses into innovative industries and sectors, it is important for companies listed on the Hong Kong Exchange to understand the evolving regime for backdoor listings. They can then structure their transactions in thoughtful ways, addressing the concerns embedded in the rules, and ensuring that they can pursue their legitimate business interests.
Speakers
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Chris Betts, Partner - Full Bio here Christopher Betts primarily focuses on China-related capital markets, M&A transactions and general corporate advice. Mr. Betts has advised major corporations, investment banks and private equity funds on numerous “first-of-their-kind” deals, utlitizing his many years of experience to develop outside-the-box, effective solutions for clients. His experience has included a broad range of corporate and securities matters, such as listings on the Hong Kong Stock Exchange (including secondary listings, spin-offs, listings by companies with variable interest entity arrangements and Hong Kong depositary receipt listings), rights issues, share placements and other fundraising activities, takeovers, and mergers and acquisitions. |
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Anthony Pang, Counsel - Full Bio here Anthony Pang advises clients on a wide range of corporate matters, including corporate finance transactions, initial public offerings, mergers and acquisition, private equity investments, compliance and Hong Kong regulatory matters. |
