The China Securities Regulatory Commission will regulate the acquisition and consolidation of publicly unlisted companies to bring them into line with their listed counterparts, Shanghai Securities News reported Friday. The rules will cover entities that issue shares to the public but don’t list them and those with more than 200 shareholders acquired through public placements. They are too small to qualify for a stock market listing. Under the new policy, such companies can only issue shares to the public through the national share transfer system, the report said.
– Contact HKEJ at [email protected]