After Hong Kong stocks have been playing new for a long time, it is inevitable that they will encounter all kinds of situations, and it is not uncommon for preferred new stocks to be forced to suspend listing due to various circumstances:

The suspension of Budweiser Brewing Company APAC Limited's listing in Hong Kong in 2019 is the third largest IPO; on record after Spanish lottery giant SociedadEstataldeLoteriasyApuestasdelEstadoSA sought to raise $10.1 billion in 2011, and insurer AIA Group Limited Holdings Limited made its first attempt to list in Hong Kong in 2009, when it sought to raise $10 billion.

It is indeed troublesome to suspend the listing, and what investors are most worried about is the question of whether to transfer new money or not.What exactly will be done with the new payment? When can I return it? How to calculate the interest and expenses?

In fact, with regard to the deduction of new payments and interest on Hong Kong stocks, we can refer to the example of Budweiser Brewing Company APAC Limited, who previously suspended the listing of Hong Kong stocks:

On the eve of Budweiser Brewing Company APAC Limited's listing on July 13 last year, Anheuser-Busch Inbev SA, the parent company, suddenly announced that it had decided not to push forward the IPO plan of its Asia-Pacific subsidiary (Budweiser Brewing Company APAC Limited) in Hong Kong.

The reason is that, taking into account a number of factors, including the current market conditions, it is decided that the global offering and its planned listing on the main board of the Stock Exchange will not proceed at this time after consultation with the joint representatives.

On the issue of refund of new moneySince margin interest in Hong Kong is generally non-refundable, Budweiser Brewing Company APAC Limited also deals with it in the same way.

In addition to margin interest, Budweiser Brewing Company APAC Limited said that the amount of shares applied for offering shares in Hong Kong (including 1.0% brokerage commission, 0.0027% SFC transaction levy and 0.005% SEHK transaction fee) will be fully refunded without interest.

Taking the above example as a reference, investors need to apply for new shares.Admission fee + subscription fee + margin interestAfter the suspension of listing, these three parts of money will be deducted and repaid respectively.

Market participants said that generally speaking,The purchase payment will be refunded.Margin exhibitionInterest and subscription fees will not. To put it simply, if you have no margin, you will only lose the subscription fee; if you have a margin, you will lose the sum of the subscription fee and margin interest.