Tuesday October 21 2014
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39753108.shtml
The SZSE officially released The Rule on Share Listing (Amended in 2014) and Rules Governing the Listing of Shares on the ChiNext Board of Shenzhen Stock Exchange, and solicited public opinions on two ancillary regulations of Implementation Measures on Re-listing of Delisting Companies and Special Regulation on Business during Delisting Transitional Period (Amended in 2014).
The amended regulation surrounding internal decision-making stipulates, ‘2/3 of voting shares represented by shareholders except directors, supervisors, senior management, or shareholders alone or aggregately holding more than 5% of the company’s share and who attended the meeting is required to pass the resolution.
Additionally, the condition for trading resumption or re-listing of companies delisted due to the major violation of the information disclosure regulation has been clarified.
The risk notice during the investigation period of listed companies has been strengthened. The amended regulation has increased the frequency of disclosure of risk notice the board of directors or the SZSE deems necessary.
Finally, re-examination procedures of application for re-listing have been added.
Click link above for further details.