Read the full judgment text of CACV 000148/2007 on BabelCite. This Court of Appeal judgment was delivered on 19 March 2008.
1. When a company offers its shares to the public, the shares will be traded in the Hong Kong Stock Exchange (‘the Exchange’) when they are formally listed. However, even before the date of public trading, many of these shares will be traded amongst investors. This is known as ‘grey market’ trading.
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