Majestic Gold Corp. V.MJS

timeframe?

[richard45161]

regarding the infos in the link below:
https://hongkong.acclime.com/guides/hong-kong-ipo-process/#:~:text=Hong%2520Kong%2520IPO%2520process%3A%2520IPO,to%2520carry%2520on%2520the%2520process.

The A1/5A submission was done 22.05.2023 - from there, the earliest listing time would be 80 days in the future -> August 10 2023

After A1/5A submission 22.05.2023, the SEHK has 4 weeks to respond
- requesting additional information (up to this step, we went 2 times before)
-everything is fine- SEHK will shedule a hearing and here the SEHK can add additonal requests or approve the listing.

After the Listing approval from SEHK, the Persistance board has to approve the Listing. For this, i think a Shareholder approval from the MJS shareholders is required, since this is a requirement from the TMX. The question still is, how the MGM will obtain this. The MGM has decided not to answere this explicit repeated question.

This in my opinion, would complete the "Filed" stage in the Webull overview: https://www.webull.hk/en/quote/hkg-n22052/news

Marketing and offering would correspond to the 2 middle steps in the webull link. 

In my opinion, the listing can be done earliest, 80 days after A1/5A submission (22.05.2023) --> August 10 2023 or later.

best 
richard

 

[richard45161]

A1/5A Submission The Form A1 (for mainboard) and Form 5A (for GEM) is submitted not later than 80 days before the listing date. This is the official request for listing submitted in front of the SEHK, and it contains a detailed draft of the prospectus. The A1/5A submission was done 22.05.2023 - from there, the earliest listing time would be 80 days in the future -> August 10 2023