Opinion on the Application of Securities and Futures Laws No.3: Opinion on the Application of the Provision “No Major Change Shall Have Occurred in the Issuer's Core Business During the Most Recent Three Years” of Article 12 of the «Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof»

《首次公开发行股票并上市管理办法》第十二条发行人最近3年内主营业务没有发生重大变化的适用意见 - 证券期货法律适用意见第3号　　

When an IPO issuer restructures identical, similar or related businesses under the same corporate controller during the reporting period, it shall pay close attention to the effect of the reorganization on its total assets, or its operating revenue or gross profit.

By clpstaff | clp articles |

(Issued by the China Securities Regulatory Commission on May 19 2008.)

(中国证券监督管理委员会于二零零八年五月十九日公告。)

Announcement of the CSRC [2008] No.22

Article 12 of the Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof (Order of the CSRC No.32; the “IPO Measures”) requires

证监会公告 [2008] 22号

A Subscription is Required to Access this Content

Subscribe to China Law & Practice today for:

✓ A database of 3000+ essential documents, including key PRC laws translated into English

✓ Newsletters with business-critical and sector-specific updates

✓ Premium mobile access with timely analysis on China's fast-changing market

Already a Subscriber? Log In. Sign In Now