Bourse notice
By Ding Yining |
June 9, 2012, Saturday
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Print Edition
Print Edition
THE Shanghai Stock Exchange yesterday said it will tighten rules regarding listed companies' information disclosure procedures during major asset restructuring as it steps up efforts to fight insider trading.
Listed firms will be normally allowed at most 30 days of trading suspension between the release of the asset restructuring notice and the actual restructuring plan, according to a draft notice posted yesterday on the website of the bourse.
The company under restructuring will also have to hand over a list of people that have inside knowledge of the matter within five days after announcing the reorganization.
Listed firms will be normally allowed at most 30 days of trading suspension between the release of the asset restructuring notice and the actual restructuring plan, according to a draft notice posted yesterday on the website of the bourse.
The company under restructuring will also have to hand over a list of people that have inside knowledge of the matter within five days after announcing the reorganization.
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