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What do Hong Kong companies need to pay attention to?

Released Date: Jul 20,2021 Article Source: HUANZE

If a Hong Kong company wants to change the shareholders of a Hong Kong company in the process of operation, it needs to first determine the number and equity of the shareholders to change. After determining these shareholders, it also needs to communicate with the bank whether the bank account after the change is affected and what needs to be done.

Conversion of shares by Hong Kong companyIf a Hong Kong company wants to change its shareholders in the course of operation, it shall first determine the number and equity of the shareholders to change. After determining these shareholders, it shall also communicate with the bank about whether the bank account after the shareholder change is affected and what needs to be done.

After confirming the above matters, the required documents for share transfer can be prepared. The required documents should include the identity certificate and address certificate of the new shareholder. If it is the company, please provide relevant documents. However, before the stock transfer, an audit report and financial statements of the last three months must be provided. Therefore, before the stock transfer, it is necessary to do the audit report before the turnaround of the stock and financial statements of the last three months.

Above isConversion of shares by Hong Kong companyIt will take about two weeks for the announcement and processing of the required documents. After finishing the formalities, go to the bank to handle the alteration formalities.

What do Hong Kong companies need to pay attention to?

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