Getting tough
By Feng Jianmin |
June 29, 2012, Friday
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Print Edition
Print Edition
BOTH Shanghai and Shenzhen stock exchanges yesterday released final rules to delist companies as China stepped up moves to wipe out "trash stocks" and regulate listing behavior.
The catalysts for delisting include negative net assets for three years, revenue of under 10 million yuan (US$1.6 million) for three years, no approval or no comment from accounting firms, inactive trading or poorly performing prices, or the inability to post an annual report after the suspension of listing.
The catalysts for delisting include negative net assets for three years, revenue of under 10 million yuan (US$1.6 million) for three years, no approval or no comment from accounting firms, inactive trading or poorly performing prices, or the inability to post an annual report after the suspension of listing.
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