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The recording of our webinar “Notifiable and Connected Transactions” is now available on YouTube. In this session, we examined Chapters 14 and 14A of the Main Board Listing Rules — and the equivalent GEM Chapters 19 and 20 — covering how listed companies and their subsidiaries must classify, announce and obtain approval for notifiable and connected transactions, and how those obligations sit alongside inside-information duties.
The discussion of notifiable transactions analysed the definition of a “transaction”, the revenue-nature and ordinary-course of business exemption, the five percentage ratios that determine whether a deal is a share, discloseable, major or very substantial transaction, and the additional requirements for reverse takeovers and extreme transactions. In examining the obligations relating to connected transactions, we covered the definitions of connected persons and associates, the treatment of financial assistance, options and continuing connected transactions, the available exemptions, and the application of the notifiable and connected transactions requirements to activities in digital assets under guidance letter HKEX-GL 122-26. The session is intended for listed issuers, sponsors, legal advisers, directors, INEDs and company secretaries who need a practical working map of Hong Kong’s notifiable and connected transaction framework.