Hong Kong Stock Exchange (00388.HK) announced that the company’s wholly-owned subsidiary London Metal Exchange (LME) and LME Clear Limited (LME Clear) in Elliott Associates, LP and Elliott International, LP (plaintiff) proposed a Named defendant in judicial review claim. The claim was lodged with the High Court of England on 1 June 2022 and served on the LME and LME Clear on 2 June 2022 (Hong Kong time).
Company Profile of Hong Kong Stock Exchange (00388.HK): Hong Kong Exchanges and Clearing Limited is a company mainly engaged in the operation of stock exchanges. The company operates through five business segments. The spot segment includes equity securities products traded on spot market trading platforms, Shanghai Stock Exchange and Shenzhen Stock Exchange. The Equity Securities and Financial Derivatives segment includes derivatives traded on the Hong Kong Futures Exchange and the Hong Kong Stock Exchange. The Commodities segment includes operations on the London Metal Exchange (LME). The Clearing Division includes operations in Hong Kong Securities Clearing Company Limited, SEHK Options Clearing House, Futures Clearing Corporation, OTC Clearing Corporation and LME Clear Limited. The Platforms and Infrastructure segment provides platforms and infrastructure usage for the company.
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