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BIZCHINA / News
SME board companies can disclose information at noon
Updated: 2007-08-06 15:49
Companies listed on the small and medium-sized enterprises (SME) board of
the Shenzhen Stock Exchange can release their corporate information at
noon, according to a regulation of the bourse effective today.
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?Bourse urges contract openness
?Bourse orders disclosure meetings
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Previously, SME board companies were only allowed to disclose corporate
information after the close of a day's trading.
The new regulation, released by the exchange last month, permits SME
board members to release temporary announcements on authorized websites
from 11:30 to 13:00 or after 15:30.
If an SME company makes temporary announcement at the noon, the Shenzhen
bourse will add a letter "A" to the initials of the corporate name, which
investors see using their trading software. In the initial stage, the
exchange will also post the list of companies that have released
temporary announcements at noon on particular websites.
"The new information disclosure system will greatly save time in
publicizing important issues, which may help reduce insider trading and
increase market transparency," the Beijing News quoted Zhang Hui, an
analyst with Xinye Securities, as saying.
(For more biz stories, please visit Industry Updates)
Related Stories ?
� Shanghai bourse revises bonds trade rules
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� Bourse urges contract openness
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� Bourse orders disclosure meetings
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