Exchange issues reminder

THE Stock Exchange of Hong Kong yesterday reminded listed issuers to review their articles of association and bylaws in the wake of the increase in the maximum fees chargeable by issuers for the various registration services.

The exchange said issuers may need to consider if any changes were required.

Last year the exchange amended maximum fees chargeable by listed issuers for standard securities registration services to $2.50 from $2 for each share certificate.

The exchange said some issuers might have provisions in their articles of association or bylaws which, for example, did not state a particular fixed maximum registration fee before instruments of transfers could be declined to be registered.