Hong Kong is a common law jurisdiciton and the procedures and documents for company acquisition in Hong Kong generally following the typical practice in common law jurisdiction which is different from those in Mainland China. This article introduces procedures and documents for the acquisition of Hong Kong companies limited by shares. 1. Preparation stage After...Read More
Jiayuan International is a property developer based out of Jiangsu of Mainland China. It was founded in 2003 and listed on the Main Board of Hong Kong in 2016. Before its recent share price plunge, it has a market cap of more than HK$30 billion. On 17 January this year, Jiayuan’s share price plunged by...Read More
HKEX’s Consultation on Dual Class Shares Listing After the Hong Kong Stock HKEX (HKEX)’s rejection of Alibaba’s listing application because of its dual class share structure (also known as Weighted Voting Rights structure, “WVR”) in 2014, the issue as to whether Hong Kong should admit WVR companies to listing has aroused great controversies. Subsequently, the...Read More
From 1 March 2018, companies incorporated in Hong Kong, except listed companies, are required to keep a significant controller register at their registered offices. This article will give a brief introduction of the newly enacted Division 2A, Part 12 of the Companies Ordinance, cap. 622 relating to the significant controller register, and their major implications...Read More
There are a lot of reasons why a director is removed from his office. These include his incompetence, his relationship with his peers and other colleagues of the company, and sometimes misconducts such as breach of fiduciary duties etc. Generally, only shareholders can remove a director, the reason being that directors are considered as quasi-agents...Read More
Introduction In layman’s terms, Insider trading is the buying or selling of a security by someone who has access to material nonpublic information about the security. Insider trading has been a prevalent phenomenon even in the most mature financial markets, particularly in the recent decade when the ubiquity of internet and innovation of financial products...Read More
What is administrative restoration? The administrative restoration procedure is a simple and easy way to restore a company that has been struck out by the Registrar of Companies. By administrative restoration, there is no need to go to court. Common reasons for restoring a company to the register using the administrative restoration procedure include: that...Read More
Restoration of Company in Hong Kong Should be Done by Court Order in the following Situation An application to the court to restore a company to the register may be made where a company has been: struck off the register at the instigation of the Registrar of Companies pursuant to CO ss 746, 747,...Read More
(Author, Mr. Edward Tai, consultant of our firm. Born and educated in Hong Kong, he is a solicitor admitted in Hong Kong, Australia (NSW & SA) and England & Wales. He started off his legal career by practicing as a commercial litigator in Hong Kong. After that, he went in-house in different roles of counsel,...Read More
As a Hong Kong solicitor practicing in the area of corporate law, we often assist client to restore their de-registered company. Here is a summary of the law and practice. Reasons to Restore a De-registered company in Hong Kong? The reasons for restoring a company to the register usually are the following:- to enable...Read More