Reasons for SC Non-Approval of IPO Applications 2013 (For Q2 2013)

Applicant Reason(s) for Non-Approval
Main Market (MM)
1. Company 1/13/MM The applicant did not fully comply with the requirement of paragraph 5.08 of the Equity Guidelines as it was unable to demonstrate that it had a healthy financial position due to, among others, negative cash flow from operating activities in certain financial years under review.
2. Company 2/13/MM The applicant did not fully comply with the requirements for the listing of a Special Purpose Acquisition Company, as stipulated in the SC’s Equity Guidelines.
3. Company 3/13/MM The applicant did not fully comply with the requirements for the listing of a Special Purpose Acquisition Company, as stipulated in the SC’s Equity Guidelines.