exclusive | Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry
Companies seeking to raise funds on the HKEX’s Main Board must have earned at least HK$80 million in combined profits in the three years prior to the listing, the source said
The HKEX received overwhelming opposition from brokers, accountants, investment bankers and legislators to its proposal to raise the profit threshold to HK$125 million
……Read full article on South China Morning Post - Hong Kong
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