As you already aware, the proposed

As you already aware, the proposed spin-off exercise of Advance is to be achieved via (1) distribution in specie of Advance shares (about 20% of total offer) to existing shareholders of Listco on an assured entitlement basis and (2) placing of new Advance shares (80% of the offer).

As you understand, existing shareholders of Listco can either be retail, institutional or professional investors. As to proposed placees in the Placing, is there any requirement in the Listing Rules or anywhere that mandates the placees should ONLY be professional investors (under the definition of SFO?), or the placing can be conducted to either professional investors and OTHER investors (which shall include retail investors)?

結果 (繁體中文) 1:

作為你已經意識到，建議分拆練習是進展的通過 (1) 分配在硬幣的提前股份 (約 20%的總報價) 向現有股東的陰魂在保證的權利的基礎上，(2) 配售新進展股份 (約 80%)。 據你所知，現有股東的陰魂可以是零售，機構或專業的投資者。在配售的擬議配發，就有任何要求在上市規則 》 或任何地方授權配售只應 (根據定義的證券及期貨條例?)，專業投資者或放置可以進行專業投資者和其他投資者 (其中應包括零售投資者) 呢?

結果 (繁體中文) 2:

正如你已經知道，前進的擬分拆的運動是可以通過（1）分佈在前進股（約20％的總報價），以上市公司的現有股東物種實現上保證配額的基礎;（2）將新的高級股份（80％的報價）。當你明白了，上市公司現有的股東既可以零售，機構或專業投資者。至於配售建議承配人，有沒有在上市規則中都沒有規定承配人應該只是專業投資者的任何規定或任何地方（根據證券及期貨條例的定義是什麼？），或配售可進行要么專業投資者及其他投資者（其中應包括個人投資者）？