Shanghai Stock Exchange: Notice of Publishing “Sse Stock Listing Rules

In: Business and Management

Submitted By nikita9
Words 656
Pages 3
Upon discussion and approval by the SSE's Board of Governors and report to the China Securities Regulatory Commission for approval, the SSE hereby publishes the new "Listing Rules", which shall come into effect from July 7, 2012 onwards. The original "Listing Rules" shall be abolished at the same time.

In a bid to get well-prepared for the transition between old and new rules and ensure the smooth implementation of the new "Listing Rules", the SSE hereby makes the notice for relevant issues as follows.

I. Transitional Arrangements for Old and New Rules Related to Delisting

(I) As for companies whose share listing has been suspended before the issuance of new "Listing Rules", their listing resumption and termination are subject to original "Listing Rules" and handled according to the following circumstances: (1) For the companies whose share listing was suspended before January 1, 2012, the SSE will grant a grace period to them and make decisions on their listing resumption or listing termination before December 31, 2012. (2) For the companies whose share listing is suspended in 2012, if they push forward the applications for listing resumption within the time limit after the publication of their annual reports of 2012 and the SSE accepts their applications, the SSE will make decisions on their listing resumption or listing termination within 30 trading days after the application acceptance day. As to the companies whom the SSE requires to provide supplementary materials, they shall provide relevant materials in not more than 30 accumulative trading days. The period when the SSE makes relevant decisions will not include that to provide supplementary materials by companies. The SSE will make the decision on terminating the share listing of companies who fail to disclose annual reports of 2012 within the legal time limit.

(II) After issuance of the new…...

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