The Hong Kong Stock Exchange updates Listing Decision (LD43-3) on whether, in view of the fact that, in the conduct of its business in the PRC, Company A was a party to a number of contract-based structures (“Contractual Arrangements” or “Structured Contracts”) between or among Company A, the PRC Subsidiaries, the OPCOs and the Registered Owners, Company A was unsuitable for listing due to legal questions associated with the Contractual Arrangements?
https://duediligenceguidelines.com/wp-content/uploads/local/LD43-3.pdf