|
|
|
Shanghai and Shenzhen improve their delisting systems
|
|
Chinese
|
|
Category：Legislative Updates
|
|
Subject：Securities
|
|
Keywords：IPO: fraudulent issuance; information disclosure; delist
|
|
Source：Pkulaw
|
|
Publish Date：10-21-2014
|
|
|
|
The Shanghai Stock Exchange and the Shenzhen Stock Exchange recently revised provisions in their Listing Rules regarding the delisting system. The revision focuses on the improvement of the voluntary delisting system for listed companies and the establishment of the compulsory delisting system against companies with material violation of law. According to the revised Rules, fraudulent issuance and illegal disclosure of material information are listed as circumstances which will lead to compulsory delisting of a company.
The revised Rules come into effect on November 16.
|
