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Listing Rules Amendments Update

January 21, 2011

By Raymond Shu-Feng Li, Sammy Li, Catherine Tsang & Christopher W. Betts

On 21 January 2011, The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited, published Consultation Conclusions on proposed changes to the rules relating to listed issuers property acquisitions and formation of joint ventures. The changes, which will come into effect on 1 February 2011, further expand the flexibility given to listed property developers to increase their land banks and enter into joint ventures to develop properties without the need to seek shareholder approval.

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Image: Raymond Li
Raymond Li
Partner, Corporate Department