This week's legislation in brief

June 01, 2012 | BY

clpstaff &clp articles

Includes: approval of foreign investment in futures companies and share offerors and lead underwriters can determine offering prices through negotiation

China Securities Regulatory Commission, Circular on Issues Relevant to the Pricing of Newly Offered Shares

中国证券监督管理委员会关于新股发行定价相关问题的通知

An offeror needs to convene a board meeting if the price-earning ratio of its proposed share price is higher than the industrial average by 25%. The lead underwriter is required to disclose the reasonableness and the risk analysis of the pricing.


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