Shanghai limits trading suspensions for M&A deals
22 May 2008
The Shanghai Stock exchange announced new limits on suspension periods for listed companies involved in mergers and acquisitions, state media reported. Under the new requirements, which were seen as a move to increase transparency, public companies in pending M&A deals can suspend trading for no longer than 30 days, and must disclose details of a deal's progress once a week if trading has been suspended for more than five days. In a separate measure to improve the stability of mainland markets, the China Securities Regulatory Commission formed a task force for ensuring the security of securities information.
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