HKSX Rules21 Jan 2021 05:22
I'm re posting to start a new thread subject, otherwise it all gets rather confusing.....
Heimdal,
All interesting stuff, however. How does that affect startups, who, in the first few years of trading lose money hand over fist. it can take a few years before a new company turns a profit, so surely the HKSX rules must allow for this otherwise it would prevent new companies from starting and I would suspect stagnate the market with respect to new blood ?
Since RPG effectively changed course and could be considered a sort of start up, they surely are allowed a few years of losses before things start picking up, which they will once the US and China are sorted (the worlds two largest markets). Forgetting the lies and deception of the companies BOD/management, pharma companies in particular take several years to reach their goals, which is what has happened in this case, although it has taken longer due to incompetence regarding realistic timelines and mistakes.
Since the prospects here are good and RPG wont always be at a loss (famous last words.....lol), I'm inclined to take the rules with a pinch of salt, particularly since, as you have pointed out, several of possibly the worst companies are still trading. I would also suspect the rules are also probably there as a preventative measure for devious companies who might be considering listing. (purely guessing on my part) ???
So I wont be selling any of my shares just yet... ;-)