In this briefing:
This is part of a series of M&A guides that our Quiddity* team (see our profiles or the footnote below) are publishing to aid investors in understanding the rules, parameters, possibilities, and processes when companies conduct mergers and acquisitions. These insights are designed to be used as a reference.
Public M&A in Hong Kong is mainly governed by the following rules and regulations.
- The Codes on Takeovers and Mergers and Share Buy-backs (Takeovers Code)
- The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Main Board Listing Rules)
- The Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (GEM Listing Rules)
- Companies Ordinance (Chapter 622, Laws of Hong Kong)
- Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong)
In addition to the rules and regulations mentioned above, companies in certain sectors are governed by additional industry-specific regulations and statutes as the examples shown in the table below.
Banking Ordinance (Chapter 155, Laws of Hong Kong)
Insurance Ordinance (Chapter 41, Laws of Hong Kong)
Telecom and Broadcasting Sector