Hong Kong Regulations

SECURITIES AND FUTURES (PRICE STABILIZING) RULES - SECT 8

Disclosure of stabilizing action

(1) The stabilizing manager shall not take any stabilizing action in respect
of any relevant securities unless-

   (a)  from the first public announcement date, adequate disclosure is made,
        in relevant communications issued by or on behalf of the offeror or
        the stabilizing manager, of the fact that stabilizing action may take
        place in relation to the offer;

   (b)  where the recognized exchange company operating the recognized stock
        market or the operator of the overseas stock market on which the
        relevant securities are or will be traded, or the person authorized to
        provide the relevant authorized automated trading services by means of
        which the relevant securities are or will be traded, requires to be
        informed of any stabilizing action that may take place in respect of
        the relevant securities during the stabilizing period, the requirement
        has been complied with; and

   (c)  a register has been established and kept in compliance with
        section 13(1).

(2) For the purposes of subsection (1)(a), adequate disclosure is regarded as
having been made in relevant communications issued by or on behalf of the
offeror or the stabilizing manager if, in the relevant  communications
specified in Schedule 1, disclosure is made as prescribed in the Notes to that
Schedule.

(3) The requirement to make adequate disclosure in subsection

(1)(a) in relevant communications does not apply to any communication which is
not specified in Schedule 1.