JIMMY LAI'S media listing plans are due to make headlines again as the magazine and newspaper publisher is set to appeal against his earlier listing application being turned down.
Speculation surrounding the Hong Kong stock exchange listing committee veto apparently focused on at least two issues.
There was concern at the impact the raging price war in the mass market Chinese language newspaper sector would have on such a listing.
There was also concern at the uncertainty represented by the outstanding litigation hanging over the new listing.
For investors interested in checking out such a listing, the issue in relation to these risks or uncertainties is surely one of disclosure.
Mainland state enterprises in the form of H shares managed to get listed. These were extremely high risk listings as shown by the decline in their share prices last year.