Date
18 August 2017

Shenzhen bourse gets tough on firms faking IPO info, paper says

Shenzhen-listed firms that provide false listing information will have to buy back all of their initial public offering shares and assume legal responsibilities, the Securities Times reported Monday, citing new exchange guidelines on the content of IPO filings. In addition, underwriters and accounting firms involved have to promise to compensate investors for any losses stemming from IPO documents that contain fake, misleading or insufficient content, the report said.

– Contact HKEJ [email protected]

TL/MY/SK

 

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