Department of Public Offering Supervision of China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum No.9 Whether a Company That Proposes to Issue Shares Complies with the Issue Conditions When There Exists a Problem of Negative

中国证监会发行监管部股票发行审核标准备忘录第9号 －关于报告期内存在“未分配利润”为负数问题的拟发行公司是否符合发行条件的审核指引

June 02, 2002 | BY

clpstaff &clp articles &

Issued: April 16 2002Main contents: The Guidelines list the conditions that a company proposing to offer shares will not violate the Company Law even if…

Promulgated: 2002-04-16

Issued: April 16 2002

Main contents: The Guidelines list the conditions that a company proposing to offer shares will not violate the Company Law even if there had been negative "undistributed profits" on its balance sheet when the company has been making profits for the past three years. Such conditions include positive "net profit" on the issuer's profit statement for the past three years and positive "undistributed profits" in the most recent audited balance sheet of the issuer.
Related legislation: PRC, Company Law (Amended), oct 27 2005, CLP 2005 No.10 p21

promulgated:2002-04-16

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