Monday, January 3, 2011

New Shenzhen Stock Exchange rules: thorough investigation of the sale of shares in the company executives.

Report six months after the departure of the sale within 12 months shall not exceed 50%, the spouse shall not be sensitive in the window of the sale of shares of the company <P> (http://) Shenzhen Stock Exchange yesterday, with the Shenzhen Branch of China jointly issued a settlement "on the further specification .SME board listed company directors, supervisors and senior management of the company's shares trading behavior, "which requires listed companies to the directors, supervisors and senior managers reporting 6 months after the departure of 12 months, through the Stock Exchange .the number of transactions accounted for the disposal of the shares held by the proportion of the total number of shares of the company shall not exceed 50%, his spouse nor sensitive in the window of the sale of shares of the Company. .<P> Recently, some company directors, supervisors and high-traded shares of the company, especially a small number of directors, supervisors and high-cut who holds the stock after the cessation of the behavior of a large number of much market attention. .Shenzhen Stock Exchange said that, on the whole, small board directors and supervisors of listed companies traded shares of the company's high is not common, low percentage of the total share capital, directors with high holdings of less impact on company share prices, the relevant company .production and management has no obvious negative impact. .However, the SME board directors, supervisors and high in the process of trading shares of the company also revealed some problems, the performance of individual directors and supervisors of listed companies exist in the periodic reports of high prior to the disclosure of sensitive transactions such as window, and short-term trading of the company's shares and other irregularities; .some listed companies trading spouses of directors, supervisors and high shares of the company is more frequent in the window in which the situation of selling more sensitive; also part of the company directors, supervisors and high-order control and reduction of the shares and avoid the departure of the company may be normal .adversely affect the business. .<P> For the above, the Shenzhen Stock Exchange yesterday issued the "notice" requirement, small board of listed companies should strengthen internal controls, and strengthen the directors, supervisors and the training of high-traded stock, directors, supervisors and the timely establishment of the special management of high stock trading system, and urge Dong .monitoring of high trading company stock prior written notice to Deputy General Manager. .Listed companies should disclose in their periodic reports to directors and supervisors during the reporting period the case of high-traded stock, the existence of directors, supervisors and high short-term transactions, the listed company should also be disclosed by notice in a timely manner. .SME board directors and supervisors of listed companies should be committed to high after six months from the declaration of departure within 12 months of trading shares through the Stock Exchange of its proportion of the total number of shares held less than 50% of listed companies to a corresponding increase in the corporate charter .Terms and Conditions. .For the directors, supervisors and high again after the departure of holdings of shares of the Company as directors, supervisors and high, 5 days in advance of listed companies will be the outgoing directors, supervisors and high trading company stock during the period as well as a written report the reasons for re-appointment of the Shenzhen Stock Exchange, in the .Shenzhen Stock Exchange before the case without objection, submitted to the Board or the shareholders of the General Assembly. ."Notice" also stipulates that spouses of directors, supervisors and high-sensitive period in the window and shall not deal in the shares. .</ P>.

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