The Commission issued the suspension of listed companies deal: extended suspension of the stock will be forced to resume trading
The new deal to the suspension. Yesterday, the Commission's official website issued a "guidance" on perfecting the listed company stock suspension and resumption of the system, in principle, to clear the suspension suspension as an exception, the principle of long-term suspension of short-term suspension, as an exception, intermittent suspension principle, continuous suspension as an exception.
Part of the listed company to suspend. Xinhua news agency, Zhai GUI mapping
The Commission said that the shares of listed companies to stop the resumption of system is the basic system of capital market. In recent years, the Commission will continue to optimize the transaction regulation of listed companies stock suspension and resumption of behavior, the shares of listed companies at random, long-term suspension suspension, inadequate disclosure of information and other issues have been effectively alleviated. But compared with the mature international market, practice there are still more reasons for the suspension, the suspension period is a major asset restructuring suspension period is longer.
In order to improve the quality of the capital market, improve the basic system of capital market, the Commission on the basis of in-depth investigation and listen to the relevant opinions and suggestions on the study and formulate the "guidance". "Clear guidance", the basic principles of establishment of the shares of listed companies is to maximize the protection of the suspension and resumption of trading opportunities. In principle, clear the suspension suspension as an exception, the principle of long-term suspension of short-term suspension, as an exception, intermittent suspension principle, continuous suspension as an exception.
A listed company shall be in accordance with the timely disclosure of important matters, the principle of phased disclosure of the specific conditions of related matters, not related to issues of uncertainty is free to apply for the stock suspension, not to apply for the stock suspension instead of confidentiality obligations of related parties.
In addition, to further reduce the major asset restructuring of the longest suspension period; clear during the bankruptcy reorganization of listed companies of the stock suspension principle; during the audit committee of mergers and acquisitions, shares of Listed Companies in mergers and acquisitions committee work conference held on the same day shall be suspended. Shares of listed companies more than the prescribed time limit is not the resumption, the stock exchange shall be compulsory resumption. At the same time, improve the information disclosure standards of the initial suspension, the suspension period matters key stage of the information disclosure requirements, and strictly implement the obligation of listed companies forced to stop the resumption of case information disclosure.
The Commission also said that the stock exchange shall establish the stock suspension time and Stocks Index excluding hook mechanism and suspension of information publicity system, and regularly to the market listed company announcement of suspension frequency, long sorting, urge the listed company to take measures to reduce the suspension.