China Securities Regulatory Commission, Supplementary Provisions for the Pricing of Shares Issued for Material Asset Reorganisation of Listed Companies that are to Undergo Bankruptcy Restructuring
中国证券监督管理委员会关于破产重整上市公司重大资产重组股份发行定价的补充规定
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clpstaff &clp articlesNegotiation of share prices allowed for bankruptcy restructuring
Issued: November 11 2008
Effective: November 12 2008
Main Contents: Where a bankruptcy restructuring of a listed company involves a major asset reorganisation and a proposed share issuance to purchase assets, the price for the shares to be issued, determined upon consultation among the relevant parties, shall be submitted to the shareholders' general meeting for resolution. The resolution shall be passed by public shareholders present at the meeting representing more than two-thirds of the voting rights.
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