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Cultural Tourism Benefits Author of this article: Yao Junfang 2021-05-30
These four major categories of situations include untrustworthy information disclosure、Loss of ability to continue operating, etc.。
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To improve the exit mechanism of the new OTC market,Promote the formation of a healthy market advance and retreat ecology,The National Equities Exchange and Quotations has formulated the "Implementation Rules for the Termination of Stock Listing of Companies Listed on the National Equities Exchange and Quotations",Released and implemented on May 28th。

Statement of National Equities Exchange and Quotations,Details improve the circumstances and 188bet Online Sports Betting and Casino requirements for forced termination of listing,Added twelve new situations of forced termination of listing in four categories,Resolutely clear out inferior companies,Improving the market’s self-purification function。These four major categories of situations include untrustworthy information disclosure、Loss of ability to continue operating、Major flaws in corporate governance、There are major violations of laws and regulations。

Details improve investor protection measures。In the process of forced delisting,Set a delisting period of ten trading days,Fully protect investors’ exit opportunities。During the process of actively terminating the listing,Quoted companies must formulate reasonable protection measures for dissenting shareholders, which must be reviewed and approved by the board of directors and shareholders’ meeting,The sponsoring securities firm must express a clear 188bet app opinion on the reasonableness of the protection measures for dissident shareholders。

Also,The rules also optimize the conditions and procedures for voluntary termination of listing,clarified the follow-up arrangements for the termination of listing。

188bet app download thisTextComeSourceXinhuanet, author:Yao Junfang, originalTitle:《New rules for the termination of listing on the New OTC Market are released》.


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