In its latest move to facilitate the delisting process and curb excess speculation, stock exchanges in Shanghai and Shenzhen are planning to launch a new board where companies waiting to be delisted will be traded before their removal from the exchange.
In Shanghai, China’s biggest bourse posted a guideline on its website on Friday and is seeking public opinion over the measures for terminating the listings of poorly performing companies.
The delisting rules target companies that are underperforming or trading poorly. These so-called “special treatment” companies are those with negative net asset values for two consecutive years, significant financial and accounting reporting errors or those that have...
¬ Haymarket Media Limited. All rights reserved.
