Full translation: New share offerings

    July 06, 2012 | BY

    clpstaff &clp articles

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

    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

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]