China Economic ReviewAn investigation of officials in Jiangsu province alleged to have taken bribes in return for permission to make initial public offerings, has led to a number of top provincial officials receiving jail sentences of up to 11 years, the Financial Times said. The incidents occurred in the late 1990s when approvals for IPOs were controlled […]
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 […]
China International Trust and Investment Corporation (Citic) is seeking a backdoor listing in Hong Kong for its telecoms and broadband business on the mainland, Hong Kong Standard said, quoting ‘well-informed sources’. The company is considering taking over Terabit Access Technology as a vehicle for a listing and was expected to make a decision by the […]
Stock market regulators in Shenzhen have delisted the first company under new rules that came into force at the start of the year, South China Morning Post said. Under the new rules, companies that post net losses for three consecutive years are suspended from trading and are delisted if they fail to turn a profit […]
Stock market regulators began in June to restrict the number of additional share offers in order to halt a slide in stock prices, South China Morning Post said. In the first five months of this year, 17 companies launched additional share offers and in May another 40 were waiting to do so. Analysts said that […]