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SEHKStock Exchange of Hong Kong
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The SFC and the SEHK conducted a joint consultation on the proposed enhancements to the SEHKs decision-making and governance structure for listing regulation from June 17 to November 18, 2016.
The Company has appointed Morgan Stanley (NYSE:MS) and BNP Paribas (BNP Paribas) as joint sponsors and joint bookrunners for the proposed listing on the SEHK.
The price that SouthGobi will pay for any shares under the share repurchase program on the SEHK shall be, on any date, an amount that is not more than the lesser of: (A) the simple average of the closing price of the Company's common shares on the TSX for the 20 business days preceding the purchase; and (B) 1.
The benchmark Hang Seng Index on the SEHK closed at 14,998.