The Securities and Futures Commission (SFC) has announced a two-month consultation to discuss eliminating mixed media offers (MMOs) to promote a fully electronic public offering process in Hong Kong. The proposed amendments to the Companies (Exemption of Companies and Prospectuses from Compliance with Provisions) Notice would end the allowance for issuing printed application forms with electronic prospectuses and discontinue waivers for MMOs in public offerings of collective investment schemes. This initiative aims to enhance the efficiency and digitalization of Hong Kong’s IPO process. Public comments are invited until 18 October 2024 via the SFC’s website, email, post, or fax.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR134