Cap on investments by listing firms
1 July 2002
The China Securities, Shanghai Securities News reported. Companies must not have external investments exceeding 50 per cent of the value of net assets, it said. The rule would also apply to the proceeds of listing and plans to use the proceeds to lift the value of external investments to morities and Regulatory Commission has set a limit on external investments by companies planning to launch initial public offeringse than 50 per cent would have to be revised.
