Securities and Futures Commission to amend the merger and reorganization of listed companies to redu queer as folk

The Commission’s new net new network in September to amend the merger and reorganization of listed companies to shorten the time of suspension rule in 9, according to the SFC website news, in order to solve the problems caused by long-term suspension of reorganization, the early Stock Exchange issued guidance to stop the resumption of business. It is reported that the Commission on the Interim Provisions "on the strengthening of major asset restructuring of listed companies related abnormal stock trading regulation" (CSRC announcement 2012 No. 33), "norms on major asset restructuring of listed companies some of the provisions" (CSRC announcement 2008 No. 14) were revised accordingly, the main content including: one is to reduce the termination of a major asset restructuring process of the "cold" period, shortened from 3 months to 1 months. A major asset restructuring plan or draft disclosure of listed companies after a major asset restructuring process of active termination, the listed company shall, at the same time commitment from the date of announcement for at least 1 months longer planning a major reorganization of assets; 3 months once again launched a major asset restructuring behavior, should start again in the restructuring plan and report, focusing on disclosure the last reason of the termination of the restructuring, due to short term restructuring program started again. The two is to clear the subject matter of the transaction related matters of disclosure standards. The subject of the transaction involving the project, environmental protection, industry access, land, planning, construction and other relevant matters for approval, will be unable to obtain the corresponding certificate before the announcement of the resolutions or relevant approval documents on the first board of directors, the listed company shall, in a major asset restructuring plan and report disclosure matters related to the approval of the progress made, and make a significant risk. At the same time, according to the "management measures" major asset restructuring of listed companies article eleventh (a) the provisions of the Commission, in the merger and reorganization of the audit and other major asset restructuring without supervision I will be approved, the underlying asset is in accordance with regulations to obtain the corresponding certificate or approval documents of relevant aspects of attention, urge the timely obligation of information the disclosure, regulatory standards and requirements are not changed. It is understood that the next step, the Commission will be in accordance with the law and supervision, strict supervision and comprehensive supervision, continue to strengthen the supervision of mergers and acquisitions, and severely punish the disclosure of false information, Fudge realignment and other illegal acts, and effectively protect the legitimate rights and interests of investors.相关的主题文章: