Does the Main LR impose an obligation on listed
issuers to make an announcement on internal management targets, prospects,
revenue and profit estimate, forecast and projection?
The Main LR does not impose an obligation on
listed issuers to announce its internal management targets, prospects, revenue
and profit estimate, forecast and projection.
The Main LR merely prescribes additional
disclosure obligations which have to be complied with by listed issuers who
choose to announce its internal management targets or have previously
announced/disclosed its prospects, revenue or profit estimate, forecast or
projection in a public document in the following respect:
that the announcement on the listed issuer’s
internal management targets must explain the nature of the internal targets in
accordance with paragraph 9.16(1)(f) of the Main LR; and
immediate and periodic disclosures must comply
with paragraph 9.19(36) of the Main LR and Notes 3(b) and 4 of Appendix 9B of
the Main LR.