HKSE Approves Guernsey Listings
Posted on June 6, 2011 at 8:06 PM
Ogier guided the recent approval of Guernsey as an acceptable overseas jurisdiction for listing marks in the Hong Kong Stock Exchange. This is the second time in the past two years that the HKSE has approved an offshore jurisdiction. This decision is following the path of the 2009 approval for British Virgin Islands incorporated vehicles to list on the HKSE. Winsway Coking Coal Holdings, a British Virgin Islands-incorporated company, was listed on the HKSE main board at a US $661 million offering. Ogier partner Caroline Chan and Hong Kong based partner Marcus Leese guided the application on behalf of the Guernsey Government. It will provide great opportunity for Guernsey lawyers to expand their practice in Asia as well as giving companies that are considering doing an IPO bigger options.