Issues Relevant to Increases in the Holding of Public Shares by the Controlling Shareholders of Listed Companies after the Reform Regarding the Separation of Equity Ownership and Trading Rights Circular
关于上市公司控股股东在股权分置改革后增持社会公众股份有关问题的通知
This Circular aims to promote the reform regarding the separation of equity ownership and trading rights of listed companies.
Share:
(Issued by the China Securities Regulatory Commission on June 16 2005.)
(中国证券监督管理委员会于二零零五年六月十六日印发。)
Zheng Jian Fa [2005] No.52
证监发 [2005] 52号
Listed companies:
各上市公司：
Pursuant to such relevant laws as the Company Law, the Securities Law, etc., we hereby notify you on issues relevant to the increased holding by the controlling shareholders of listed companies of the company's public shares after the implementation of the reform regarding the separation of equity ownership and trading rights (a Shareholding Increase), in order to promote the reform regarding the separation of equity ownership and trading rights (Reform) of listed companies in an active and stable manner and maintain market stability, as follows:
为了积极稳妥地推进上市公司股权分置改革，维护市场稳定，根据《公司法》、《证券法》等有关法律的规定，现就实施股权分置改革的上市公司控股股东增持该公司社会公众股份(以下简称增持股份)所涉及的有关问题通知如下：
1. If, in order to avert unreasonable fluctuations in the company's share
一、 实施股权分置改革后的上市公司控股股东，为避免公司股价非理性波动，维护投资者利益，维护上市公司形象，在公司股东大会通过股权分置改革方案后的两个月内增持社会公众股份而触发要约收购义务的，可以免于履行要约收购义务。