745

Past version: Effective up to 28 Sep 2011

(1) An issuer must retain a sponsor at all times. If a sponsor undertakes introducing activities for an issuer, the issuer must retain it as continuing sponsor for at least 3 years after admission of the listing applicant, or the enlarged group (in the case of a very substantial acquisition or reverse takeover).
(2) An issuer must have only one sponsor at a time.
(3) If an issuer requires a professional to provide corporate finance advice in relation to any corporate action, it may engage:
(a) its sponsor to provide such advice; or
(b) notwithstanding Rule 745(2), any other sponsor authorised by the Exchange to provide such advice, while the continuing sponsor of the issuer retains overall management and responsibility for the corporate action.
(4) If an issuer does not have a sponsor undertaking continuing activities for it, the Exchange will suspend the issuer until a sponsor takes on the activity.
(5) The Exchange may delist an issuer that does not have a sponsor for more than 3 continuous months.