News

Asia Pacific Exchange Limited (APX) is pleased to welcome HK Corporate Pty Ltd the corporate finance arm of Hayes Knight Group, as the newest Registered Sponsor on the APX market.

HK Corporate have considerable knowledge in domestic and international capital markets with corporate advisory services for start-up and later stage growth companies. The Group also has business units focusing on Audit & Assurance as well as Accounting & Taxation services.

We look forward to these professional listing practitioners working diligently to maintain a quality listing environment on the APX.

Further details of the sponsor role and a list of all APX registered sponsors can be found in the participant section of the APX website www.apx.com.au .

APX is one of three operating groups of a securities exchange in Australia with a market licence granted by the Australia Securities & Investments Commission (ASIC). APX operates a licensed securities market under the supervision of ASIC and is required by law to act fair, orderly and transparent at all times.

Whilst APX was granted a stock exchange licence by ASIC in August 2004, the origins of the exchange date back some 8 years to the successful operation of the Exempt Markets (EM). During its life, the exempt markets generated over 5,000 trades and 163 million shares traded with a turnover value of approximately A$500million.

A number of S&P / ASX 300 companies listed on the Australian Stock Exchange (ASX), such as Sigma Company Limited, Sydney Futures Exchange Corporation Limited and SPC Ardmona Limited were all traded successfully on EM before moving to the ASX.

In Oct 2008, AIMS Financial Group (“AIMS”) became the new majority shareholder of APX and has provided the necessary funding facilities for APX to continue its domestic business strategy. In addition, APX is now in a more competitive position to develop a longer term regional approach with an initial focus on opportunities in China.

Domestically, APX will continue to aim to provide quality services to Listees where price transparency is of a high priority and appropriate liquidity can be provided by the market. At the same time, it will actively explore and develop growth opportunities in Asia, particularly in China on a longer term basis.

As a securities exchange, APX provides ‘listing’ facilities to companies and securities issuers as well as ‘trading’ facilities for stock brokers, traders and investors to buy and sell shares/securities.

The securities that can be traded on APX include: shares issued by companies, units issued by trusts and other pooled investment products as well as fixed interest instruments, such as, bonds.