Investor Presentaiton
Pre-IPO investment in convertible instruments
Pre-IPO Investment in Convertible Instruments
In October 2012, the Exchange published a guidance letter (HKEX-GL44-12) to set out the
current practice in dealing with convertible instruments issued to pre-IPO investors. Guidance
on general principles re. special rights attached to pre-IPO investments can be found in GL43-
12.
The purpose to set out the current practice in dealing with convertible instruments (i.e.
convertible or exchangeable bonds, notes or loans and convertible preference shares) issued
to pre-IPO investors.
Applicable Listing Rules
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Main Board Listing Rule 2.03(2) (GEM Rule 2.06(2)):
the issue and marketing of securities must be conducted in a fair and orderly manner and
potential investors must be given sufficient information for making a properly informed
assessment of an issuer.
Main Board Listing Rule 2.03(4) (GEM Rule 2.06(4)):
CHARLTONS
all holders of listed securities must be treated fairly and equally.
易周律师行
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