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with the booming growth of the global technology sector, technology companies have become an important engine driving the global economy. in order to further strengthen hong kong's position as an ideal listing destination for technology innovation companies, the hong kong stock exchange (hkex) has recently implemented important measures!

starting from september 1, the listing threshold for hong kong's specialized technology companies and the threshold for special purpose acquisition companies (spacs) to conduct spac mergers and acquisitions transactions have been significantly lowered!

on the evening of august 23, the hong kong securities and futures commission (hereinafter referred to as the hong kong sfc) and the hong kong exchanges and clearing limited (hereinafter referred to as the hong kong exchange) issued the "joint announcement on short-term changes to the regulations on merger and acquisition transactions of special purpose technology companies and special purpose acquisition companies" (hereinafter referred to as the "joint announcement").

all changes came into effect on september 1, 2024, and will be temporarily implemented for three years, ending on august 31, 2027.

01zhante technology's minimum market value for listing lowered by hk$2 billion

according to the joint announcement, the market capitalisation threshold for special technology companies at the time of listing under rule 18c.03(3) of the main board listing rules will be lowered by hk$2 billion from the original level. the specific reduction is as follows:

(1) for commercialized companies, i.e. special technology companies with audited revenue of at least hk$250 million in the most recent fiscal year, the market capitalization threshold at the time of listing is reduced from hk$6 billion to hk$4 billion;