Amendments to the GEM Listing Rules regarding the Change of Composition of the GEM Listing Committee (Update 1 - September 1, 1999)
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Note to
subscribers for the amendments of
the rules governing the listing of securities on the Growth Enterprise Market
("GEM Listing Rules")
Update No. 1
1 September 1999
Dear Sirs,
Amendments to the GEM Listing Rules
regarding
the Change of Composition of the GEM Listing Committee
Chapters 3 and 4 of the GEM Listing Rules
have been amended to reflect the change of composition of the GEM Listing Committee. The
new GEM Listing Committee has 21 members with no alternates and these
members shall comprise:-
- 4 individuals from stockbroker members or Council members;
- 4 individuals from listed companies;
- 12 individuals from market practitioners and users; and
- the Chief Executive of the Exchange, ex officio.
These amendments will increase the
representation of the GEM Listing Committee and make it easier to obtain the quorum of 5
members to convene a GEM Listing Committee meeting.
The rule changes come into immediate effect.
Re-printed pages of the GEM Listing Rules together with the filing instructions are
enclosed.
Yours faithfully,
For and on behalf of
The Stock Exchange of Hong Kong Limited
Lawrence Fok
Senior Executive Director
Regulatory Affairs Group
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The amendments to the relevant
section of the GEM Listings Rules have been marked-up for your reference, please click here to see the amendments to the respective
chapters. |