Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies
Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies
Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies
Announcement of the China Securities Regulatory Commission [2017] No.5
February 15, 2017
The Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies is hereby issued for implementation as of the date of issue.
Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies
I. Paragraph 1 of Article 7 shall be amended to read: "The pricing benchmark date as mentioned in the Administrative Measures refers to the benchmark date for calculating the bottom price of the issuance. The pricing benchmark date is the first date of the issuance period of the private placement of shares. The listed company shall issue the shares at a price not lower than the bottom issuing price."
II.
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Announcement of the China Securities Regulatory Commission [2017] No.5
February 15, 2017
The Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies is hereby issued for implementation as of the date of issue.
Decision on Amending the Implementing Rules for the Private Placement of Shares by Listed Companies
I. Paragraph 1 of Article 7 shall be amended to read: "The pricing benchmark date as mentioned in the Administrative Measures refers to the benchmark date for calculating the bottom price of the issuance. The pricing benchmark date is the first date of the issuance period of the private placement of shares. The listed company shall issue the shares at a price not lower than the bottom issuing price."
II.
......