Please refer to the table below for the listing criteria.
| Private Market | Public Market | |
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Market Capitalisation |
Shareholders capital of at least USD 1 million prior to listing, and |
Shareholders capital of at least USD 2 million prior to listing, and |
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A total market capitalisation of at least USD 5 million upon listing |
A total market capitalisation of at least USD 10 million upon listing |
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Financial Position & Liquidity |
No minimum operating track record or profit requirement |
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No negative going concern opinion by recognised independent auditors |
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Minimum 10% free float upon listing |
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| Private Market | Public Market | |
|
Core Business |
A clearly identifiable core business |
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Sponsorship |
Not required |
Fusang Exchange Limited approved Listing Sponsor required |
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Management Capability |
Management experience and capabilities on the average experience of 5 years in the relevant industry before the submission date |
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Moratorium on Bonds |
No restriction for Private Market listing |
Promoters’ entire shareholdings for 6 months from the date of listing |
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Transaction with Related Parties |
Full disclosure of Directors, Senior Management, Companies transactions exceeding 20% must be notified upon listing and filed to the exchange |
Listing Sponsor is required to report to the Exchange within 7 calendar days if Directors, Senior Management, Companies transactions exceeding 20% |
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Additional Requirements for Financial Institutions |
Required to have a professional license issue by regulator |
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Additional Requirements for Asset only companies¹ |
Independent Third-Party report on findings |
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Independent Third-Party valuation report |
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Investment available to |
Sophisticated Investors Only |
Retail Investors |
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Sophisticated Investors |
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Note:
¹ Asset only companies including Commodities, Oil and Gas Exploration, Real Estate and IP.