Chapter 14A - HKEX
7/1414A 1CHAPTER 14AChapter 14AEQUITY SECURITIESCONNECTED This Chapter applies to connected transactions entered into by a listed issuer or its subsidiaries. The connected transaction rules ensure that the interests of shareholders as a whole are taken into account by the listed issuer when the listed issuer s group enters into a connected Connected transactions include both capital and revenue nature transactions. They may be one-off transactions or continuing The general requirements for connected transactions include disclosures in announcements, circulars and annual reports, and shareholders approval. Persons with material interests cannot vote on the resolution approving the transaction. Continuing connected transactions also require annual reviews by independent non-executive directors and the To reduce listed issuers compliance burden, exemptions and waivers from all or some of the connected transaction requirements are available for specific categories of connected transactions.
14A – 2 7/14 Definitions 14A.06 In this Chapter, the following definitions apply: (1) a “30%-controlled company” means a company held by a person who can: (a) exercise or control the exercise of 30% (or an amount for triggering a
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