Public Limited by Shares
A public company limited by shares is a Hong Kong company whose shares may be offered to the public and which is subject to enhanced disclosure and governance requirements.
Unlike private companies, a public limited company is not subject to a 50-member cap and may invite the public to subscribe for its shares. Companies listed on the Hong Kong Stock Exchange are public limited companies. They must file audited financial statements annually and follow stricter rules on share issuance, directors' duties, and shareholder communications.