Sunday, December 12, 2010
Amendments to the Listing Rules of Shenzhen Stock Exchange today issued the sixth Important Notice.
<P>: Http:// hearing, the Shenzhen Stock Exchange today issued a notice to amend the "Stock Listing Rules" to publicly listed companies to seek amendments. .Under the new draft of the "Stock Listing Rules", the Shenzhen Stock Exchange suspended the proposed reform of the system, revised delisting criteria, strengthening the fair terms of disclosure requirements, and other nine amendments. .Accordance with the relevant amendments to the Shenzhen Stock Exchange will significantly reduce the routine suspension, disk suspension have been strengthened, while quickly exit the system will be established. .</ P> <P> this amendment is January 1998 to implement the Shenzhen Stock Exchange "Stock Listing Rules" carried out by the sixth amendment. .</ P> <P> suspension system reform, the Shenzhen Stock Exchange to cancel the annual report, interim report to shareholders and the general routine suspension, while highlighting the warning of the suspension, such as the disclosure is not timely, suspected violation of laws, and disk .suspended reserved space. .In this revision, the Shenzhen Stock Exchange also increased the distribution for the change in equity of listed companies, 20 consecutive trading days does not meet the listing requirements, will be the implementation of company stock and derivatives of suspension provisions. .Shenzhen Stock Exchange also provides that a listed company's shares and its derivatives to be implemented during the suspension period, usually every 10 days need to disclose the reasons for a failure to resume trading. .</ P> <P> the revised delisting criteria, the Shenzhen Stock Exchange provides periodic reports of listed companies do not perform the statutory disclosure obligations, will quickly withdraw from the market by 3 months, under the new regulations, a listed company fails within the statutory period .disclosure of annual reports or interim reports, and in the subsequent two months has not disclosed related periodic reports, will be suspended from the market. .In addition, the Shenzhen Stock Exchange has also made amendments to the audit report was issued by the negative opinion or no opinion, continuous 120-day cumulative volume of less than 300 million shares, the equity distribution does not meet the listing requirements, as well as breach of the Listing Agreement fails to pay .listing fees, and will start the delisting procedure. .</ P> <P> Shenzhen Stock Exchange, major amendments to the Deputy General Manager qualifications and job responsibilities, to improve the qualification requirements of Deputy General Manager, Deputy General Manager shall be required by the listed company as a director or vice president, stressed the Deputy General Manager of the management and information disclosure .coordination. .</ P> <P> In addition, the Shenzhen Stock Exchange for the first time clearly separable corporate bonds, equity incentive business involves the repurchase of shares and other new business matters; revised under the new accounting standards related to financial data and indicators; increase the equity acquisitions and changes in equity .provisions to convergence "Assets Management Measures"; clear shareholders and actual controllers, intermediaries and regulatory measures and penalties means. .</ P>.
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