Related News
Shanghai moves on delisting steps
By Zhu Shenshen |
December 17, 2012, Monday
|
Print Edition
Print Edition
THE Shanghai Stock Exchange unveiled new delisting procedure policies, which will take effect in 2013, the local bourse said yesterday.
The new policies aimed to simplify and standardize delisting procedures and protect the interests of investors, the exchange said in a statement on its website yesterday.
Under the new policies, the shares of companies being delisted will be limited to a 5-percent daily fluctuation, unlike the limit of 1-2 percent in previous drafts.
Shares of firms being relisted under the new policies will be allowed to jump or fall by a maximum 10 percent on the first trading day, unlike the no-limit rule currently.
"The revised and detailed delisting procedure will protect investors and make the market healthy," the exchange said.
Under the listing rules, listed firms which are unprofitable for two straight years will be marked "under special treatment," or "ST shares," and those operating at losses for three straight years will be marked "*ST shares."
The new policies aimed to simplify and standardize delisting procedures and protect the interests of investors, the exchange said in a statement on its website yesterday.
Under the new policies, the shares of companies being delisted will be limited to a 5-percent daily fluctuation, unlike the limit of 1-2 percent in previous drafts.
Shares of firms being relisted under the new policies will be allowed to jump or fall by a maximum 10 percent on the first trading day, unlike the no-limit rule currently.
"The revised and detailed delisting procedure will protect investors and make the market healthy," the exchange said.
Under the listing rules, listed firms which are unprofitable for two straight years will be marked "under special treatment," or "ST shares," and those operating at losses for three straight years will be marked "*ST shares."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
