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<IPO>SFC Limits Sponsors to 5 Active Projects Max. Simultaneously
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The Hong Kong Securities and Futures Commission (SFC) has set a limit on the number of active projects that sponsors can simultaneously advance, China Business Network reported. It specifically requires that signing sponsors should not have more than six active projects (i.e., a maximum of five) at the same time. An investment banking professional confirmed that the number of projects sponsors can undertake simultaneously has now been tightened to five. AASTOCKS Financial News Website: www.aastocks.com |
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