Hong Kong: Change of Status of Company
Startupr
08 September, 2015

You've set up a Hong Kong Company and need to change its status from:
- A private Hong Kong company limited by shares to a public company
- A public company with a share capital to a private company
None of the above mentioned changes would affect the identity of a company, its continuity or the property, rights or obligations of the company.
From Private to Public
Every private company may decide to change the status to a public company.
- Special resolution adopting new articles to remove the definition of a private company
- Submission to the Companies Registry (form NAA4, Form NNA1 and a new set of Articles of Association)
- A certified copy of financial statements prepared for the financial year immediately before the financial year in which the alteration takes place
The conversion includes 3 steps as follows:
- The board of directors instructs the company secretary to convene an EGM to pass the special resolutions.
- After the EGM, the documents 2 and 3 are lodged with the Companies Registry.
- The change of company status is reflected in the company's records at the Companies Registry.
From Public to Private
Conversion from a public company to a private company:
- Special resolution adopting new Articles to insert the definition of a private company
- Submission to the Companies Registry (Form NAA4, Form NAA1 and a new set of Articles of Association
The conversion includes 3 steps as follows:
- The board of directors instructs the company secretary to convene an EGM to pass the special resolutions.
- After the EGM, Form NAA1, Form NAA4 and a certified copy of amended articles of association are lodged with the Companies Registry within 15 days.
- The change of company status is reflected in the company's records at the Companies Registry.
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