Full translation: New share offerings

    July 06, 2012 | BY

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    Issuers need to organise board meetings if price-earning ratios are higher than 25%

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    Circular on Issues Relevant to the Pricing of New ShareOfferings

    关于新股发行定价相关问题的通知

    An issuer needs to convene a board meeting if theprice-earnings ratio of its proposed share price is higher than the industrialaverage by 25%. (Seetranslation)

    See also:

    Whynew reforms from CSRC could change the IPO market,May 17 2012