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ACGA Snapshot: Hong Kong to scrap separate vote for H share investors from 1 August

Hong Kong’s stock exchange will no longer require separate class votes for holders of H shares where their rights are to be varied or abolished under listing rule changes which come into force on 1 August 2023. The move—which would strip investors of a separate say in circumstances where shares are to be issued or repurchased, with an increased risk of dilution—comes despite significant opposition by the investor, securities and fund management industry. Read more here.