Hong Kong-listed firms ‘not ready’ for disclosure law
Many Hong Kong-listed companies are not ready for a new disclosure law that came into effect this month, says a corporate governance expert.
The law, effective from January 1, says companies and directors will face fines of up to HK$8 million if key corporate information such as major acquisition or disposal plans, mergers, acquisitions or substantial changes in profit or loss are not disclosed in a timely fashion.
The legislation followed more than 10 years of debate and was designed to put market Read more [...]