China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines (No.11): Prospectus for the Offer of New Shares by Listed Companies (Revised in 2003)

Issued: March 24 2003
Effective: as of date of issue

Main contents: Article 2 of the Guidelines is amended to require a summary of the prospectus for the rights issue and a summary of the letter of intent for the additional offering. Article 9 is newly added specifying the requirements for formulation and disclosure of such summaries. An application for offer of new shares may require re-approval of the China Securities Regulatory Commission if, before the disclosure of the prospectus for the offer of new shares, a discrepancy is found between the prospectus and the documents submitted for approval or additional matters need to be disclosed (Article 7).
Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21; PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31 and Administration of Offerings of New Shares by Listed Companies Procedures, Feb 25 2001, CLP 2001 No.4 p24