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In a boost to the international fight against money laundering and fraud, Hong Kong’s registrar of companies is likely to require all companies incorporated in the city to disclose up-to-date beneficial ownership information by 2018. The move marks a renewed resolution toward transparency, following the footsteps of the UK and Singapore, who have previously implemented similar regulations.
With the importance of producing an independent research report [Using Independent Industry Research to Support a Successful IPO ], companies preparing to list should be looking at appointing an independent research company as soon as possible during the listing process. This provides ample time for the third party to do a comprehensive analysis and prepare a detailed, thorough report – a process that typically takes two weeks to prepare an initial draft and two months after to prepare the final comprehensive report. The timeline will be subject to speed at which the company can confirm data availability, as well as assess the feasibility of market sizing and company ranking methodology.
With the vast amount and nature of disclosures that are usually included in a company prospectus in preparation for an IPO, it is highly recommended that listing applicants engage an independent research company to produce a customized research report to verify statements made in the prospectus. The independent research report gives an external, unbiased opinion of the statements related to the company’s business environment, thus supporting the credibility and validity of the information disclosed in the document.
Economic recovery has been slow but steady since the Great Recession began in 2008. Like many aspects of the global market, mergers & acquisitions (M&A) has had trouble reaching its former heights since the crisis. Things have not been terribly sluggish, as companies are still prone to band together for security during trying fiscal years, but the M&A market continues playing catchup and experiencing start-and-stop growth. Fortunately, experts believe 2017 will be a strong year for the practice. Despite unexpected election results in both the United States and Europe casting future economic progress into doubt, global M&A is set to exceed $3.4 trillion in 2017.
Preparing a prospectus for an initial public offering (IPO) in Hong Kong means complying with the regulatory requirements as set out by the HKEx’s listing rules and guidance letters. As a general mandate, a prospectus is required to provide sufficient information, both qualitative and quantitative, to enable a reasonable person to form a valid and justifiable opinion on whether or not to invest in the company.
Before any company undertakes an initial public offering (IPO), they must embark on the challenging journey of preparing the company for the critical event to take place, including setting up the people, processes, technologies, paperwork, and regulatory requirements needed in order to present a successful IPO to the public. One of the most critical and time-consuming components of the puzzle is preparing a company prospectus, a formal legal document that provides all the details that investors need to know about the organization.
From initial due diligence to making any necessary changes to the executive board to meeting with stock exchange representatives, there are countless steps that need to be taken to get a company ready for an initial public offering. Of these, one of the most important is to accurately meet the obligations and prerequisite requirements set out by the stock exchange your company has decided to list with, including properly valuing properties and assets within the company.
Annual meetings are a wonderful chance to greet shareholders and drum up excitement, but their most practical use is as a place to hold important votes, allowing shareholders to determine a company’s direction and elect its board. Every leadership team hopes their shareholders will come in droves to fill the meeting space and cast their votes in person and en masse. Certainly we’ve provided some advice as to how companies can attract big crowds to their get-togethers, but sometimes even the most enthusiastic investors just can’t make the trip.
For rapidly expanding companies who need more capital to grow business operations, an IPO is one of the best ways to raise money and become a major competitor within a challenging market. In order to ensure a successful IPO, companies must be fully prepared to navigate the challenges and windows of opportunity throughout the IPO process. Here are a few factors to consider during the pre-IPO valuation process.
Companies everywhere are gearing up for their vital annual meetings, their chance to meet investors, set forth their plans for the future, and hold indispensable shareholder votes before the year is up. Many companies go all out for their annual meetings, and while it’s sadly outside the scope of these blogs to tell you which bands to book and what swag to hand out, we can help with something more important (if slightly less flashy than an appearance by Bono): document distribution.
Nobody likes playing to an empty room, and when your company’s future is on the line, a low turnout to an annual meeting can be a serious setback. Firms expect people to flock to annual meetings to touch base, learn about leadership’s plans, and – most importantly – vote on plans for the business and members for the board. Besides being bad for morale and public perception, having too few shareholders attend could mean too few votes for a quorum on an important ballot, or even cast doubts on the validity of a majority ruling.
Technology drives today’s economy. Everyone at work, from the trailblazing tech hipster to the by-the-book banker wants to leverage innovations like data analytics, cloud computing, and mobile communications to supercharge their business. Any aspect of a firm’s success can be enhanced by the clever and judicious use of new ideas and technologies, and planning for an annual meeting is no exception.
While China may not be the fastest-growing economic powerhouse it once was, as recent years have shown its restraint in facing inwards towards a consumer-first, self-sustaining economy over rampant international trade and investment, it is proving itself to be a major player in global M&A this year, recently overcoming a wave of outspoken Sinophobia and mistrust towards Chinese investors to close a major deal, Midea Group Co’s takeover of German robotics firm Kuka AG.
It’s often said that the law always lags behind technology. The gears of government and regulation naturally turn more slowly than those of human creativity and invention. Technology could be used to vastly improve the efficiency and convenience of corporate disclosures in the United States - but not before the Securities Exchange Commission (SEC) determines how best to modernize its forms and requirements and figures out which innovations to incorporate.
Toppan Vite celebrates its 30th anniversary as a leader in the financial printing industry with a joint exhibition with USA’s Annual Reports Competition (ARC) Awards.