Shanghai Stock Exchange, Circular on Amending Article 7 of the «Guidelines for the Increase of Shareholding by Shareholders of Listed Companies and their Persons Acting in Concert»

上海证券交易关于修订《上市公司股东及其一致行动人增持股份行为指引》第七条的通知

November 10, 2008 | BY

clpstaff &clp articles &

Procedural obstacle cleared for increase of shareholding through Shanghai Stock Exchange.

Clp Reference: 3700/08.09.24 Promulgated: 2008-09-24 Effective: 2008-09-24

Issued: September 24 2008
Effective: As of date of issuance

Main Contents: The Circular revises the time period during which relevant shareholders of a listed company may not increase their shareholding. The original time period of 30 days prior to the announcement of the results update or regular report has been reduced to 10 days prior to the announcement.

Related Legislation: Shanghai Stock Exchange, Guidelines for the Increase of Shareholding by Shareholders of Listed Companies and their Persons Acting in Concert, August 28 2008, CLP 2008 No.9 p.44

clp reference:3700/08.09.24/SHpromulgated:2008-09-24effective:2008-09-24

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