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Hong Kong Encourages Listing Ceremonies Held Online After Positive Virus Result

By Liu Yanfei and Tang Ziyi / Mar 26, 2020 04:01 PM / Finance

Photo: VCG

Photo: VCG

A guest who attended a gong-striking listing ceremony at the Hong Kong Stock Exchange on Friday has tested positive for the coronavirus, the exchange’s operator said.

Hong Kong Exchanges and Clearing Ltd. (HKEx) is contacting each attendee of the ceremony event and has thoroughly sterilized and cleaned the Connect Hall, where the listing ceremony was held, according to a statement by the operator sent to Caixin on Wednesday. The operator did not hold any activities at the hall after the Friday event, it said.

The incident came before companies were encouraged by HKEx on Monday to hold gong-striking listing ceremonies online due to the virus.

The bourse operator didn’t identify the infected person, although the listing ceremony has been identified as being for SG Group Holdings Ltd. The ceremony was for the Hong Kong-based fashion design company being listed on the exchange’s main board, transferring its listing from the smaller Growth Enterprise Market (GEM) board of the exchange.

It is usual for bankers, accountants, exchange staff, company executives and other guests invited by a listed company to gather at the Connect Hall to witness the ceremonial striking of the gong, which marks the start of the company’s shares trading. The HKEx Connect Hall, with a total area of over 30,000 square feet, is a place where the bourse operator holds important exhibitions and conferences, companies’ listing ceremonies, and other events.

Read the full story on Caixin Global later today.

Contact reporter Tang Ziyi (ziyitang@caixin.com)

Related: Securities Regulator Vows to Keep IPO Money Flowing Despite Epidemic


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