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Follow Us on WeChat Highlights: The SFC and the Exchange announce temporary modifications to certain requirements relating to the listing of Specialist Technology Companies and De-SPAC Transactions with effect from 1 September 2024 Modified requirements respond to market feedback and changing market conditions The Securities and Futures Commission (the SFC) and HKEX jointly announce today temporary modifications to the Listing Rules (Modifications) and amendments to the Exchange’s guidance materials effective from 1 September 2024, with respect to: (a) the minimum initial market capitalisation of Specialist Technology Companies; and (b) independent third-party investment requirements for De-SPAC Transactions conducted by special purpose acquisition companies (SPACs). The modifications, with the SFC’s support, are designed to address the change in market conditions since the introduction of both listing regimes, taking into account the Exchange’s experience gained from handling
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