Investment Notifications

Two main kinds of Stock allows for trading are Growth Enterprise Market (GEM) and the Main Board. Main Board includes: Equity securities, equity warrants, bonds, structured products, ETFs and Unit trusts/mutual funds. On GEM mainly are Equity securities and equity warrants.

Trading periods

Pre-opening

Fair market value is being used during pre-opening session

The trading system only accepts bid set and limit price set at the pre-opening session. Orders entered into the trading system, the price cannot deviate from the previous closing price or the nominal price. (It subjects to the case if happens) 9 times or more, and less than 1/9. Each order shall not exceed 3,000 hands.

After pre-opening session. Any of the outstanding Auction limit orders enters which does not deviate 9 times or more will automatically queues up as limit price set in the trading session.

Pre-opening session trading periods   

During input period only allows entering Auction Order (Price’s not specified) and auction limit Order (Price specified). Orders may be cancelled or modified during this period of time.

During pre-order period, may only bid for auction limit orders and these orders are not cancelable or modifiable after orders are placed/entered. It is to avoid order cancelation to affect the reference prices have a significant changes before the pre-order period.

This provides a mechanism to adjust the IEP to a reasonable market price. And will attract more orders in the same time such as auction orders.

During matching period cannot make order cancelation or order adjustments in the trading system. In this period of time, orders will prioritized on order types (Auction order is first in order) into the price, then the time in accords to the “ultimate reference equilibrium price” orders.

As for the pause time period is the frozen period between the pre-opening session and the continuous trading session. Therefore, no order is accepted until the continuous trading session starts at 10:00. 

Continuous trading session 

Each trading day’s continuous trading session starts at 9300 to 1200and 1330 to 1600. During trading session, the system base on price as the principle then follows the orders entered and one by one matching in the system. First in orders in system be fully implemented and later orders with same price be handled after the first order.

During the continuous trading session, system only accepts Limit order, Enhanced Limit order and Special limit order.

Notification of changes in the listed companies 

Issuer of listed in respect of dividends, cash dividends, bonus shares, dividend warrants, physical distribution, Rights, offering of shares to existing shareholders and guarantee/important data with priority rights issues. Mighty Asia may not exhaustively list all matters for reference only. Customer should note the listed issuer publishes detail data about equity distribution issues (include the terms and conditions) of the announcement and/or corporate communications.For safeguard of customer rights and interests, customer is responsible to visit the website of HKEx from time to time on relevant information about stock changes and other important matters. Any omission or delay notice to customers, Mighty Brokerage (Asia) Ltd does not take any responsibility.

If the customer has no indication on what action to take against the change of the stock before the expiry of 3 working days, Mighty Brokerage (Asia) Ltd will make the following arrangements,

Scrip dividend- If customer does not apply for indication before the expiry of 3 working days notice to Might Brokerage (Asia) Ltd to elect to receive cash dividends or all dividend in shares instead, or part of cash dividend, or part of new shares, Mighty Brokerage (Asia) Ltd will treat this as all cash dividend as customer option.

Stock acquisition- If customer does not apply for indication before the expiry of 3 working days notice to Might Brokerage (Asia) Ltd to accept the offer. Mighty Brokerage (Asia) Ltd will treat this as offer not accepted by customer.

Warrants - If customer does not apply for indication before the expiry of 3 working days notice to Might Brokerage (Asia) Ltd to select all IPO shares, partial for IPO installments or subscription for new shares. Mighty Brokerage (Asia) Ltd will treat this as all customers give up all the right.

General meeting for shareholders to vote - If customer does not apply for indication before the expiry of 5 working days notice to Might Brokerage about voting matters, will treat all as give up as customers’ option.

Notification of holding scrip notes

• When customer deposit for physical stock shall visit our company in person or by proxy. On the other hand, the physical stock shall only be sold 10 working days after deposit made for physical stock.
• If the customer deposit for physical stock under Hong Kong Securities Clearing Company Limited (HKSCC), customer must provide the Central Warehouse settlement documents (Name must be the same as account name) in order to be credited to the scrip or Mighty Brokerage (Asia) Ltd has the right to decline the scrip deposit instruction. 
• The customers’ individual stocks can only be deposited to the account which has the same account name as individual stock. Similarly the same to joint names stock must only be deposited to the same joint names account must have the same joint names account.
• If customer would extract physical stock may call up the customer service department of Might Brokerage (Asia) Ltd to issue instruction or visit our company in person to complete Extract Physical stock form.
• Mighty Brokerage (Asia) Ltd will notify customer for collect once process completes. Charges for extract physical stock will base on the company’s charges table. Subject to change without further notice.
• Customer must present valid identity documents for extract physical stock. If proxy may visit our office and is required to present on behalf of customer lead attorney as well as client with proxy identity copies.