EconomyHong Kong stock exchange proposes easing spin-off and shareholder approval rules
Hong Kong’s stock exchange has proposed relaxing requirements for listed companies to disclose corporate transactions and obtain shareholder approval, while making business spin-offs easier. A consultation paper released Monday proposes removing the current profit test used to determine whether a transaction needs disclosure or shareholder approval and replacing it with a market-based approach…
Hong Kong stock exchange proposes easing spin-off and shareholder approval rules
Economy