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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.


About the Author


Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

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