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Shenzhen Stock Exchange Implements New Regulations on Share Reduction Quotas for Major Shareholders

Recently, reporters from China Securities Journal and CSI Taurus learned exclusively from the industry, in order to further regulate the behavior of shareholders of listed companies and people acting in concert to reduce their shares, in accordance with the “Measures for Administration of Acquisitions of Listed Companies” and “Guidelines for the Application of Supervision Rules – Listed Category No. 1” 》Relevant requirements: Starting from April 29, 2024, the Shenzhen Stock Exchange will strengthen the previous supervision of shareholders with a share ratio of more than 5% and’ u joint actions, and send shareholder share reduction quotas to member units in the morning of each trading day. All member units need to remind, inform and encourage the shareholders of listed companies to comply with the China Securities Regulatory Commission and Shenzhen Stock Exchange regulations on share trading.

(Article source: China Securities Journal)

Article source: China Securities News

Original title: Shenzhen Stock Exchange strengthens control of share reduction quotas for shareholders with a share ratio of more than 5% and their persons acting jointly

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