To further carry out the delisting system of listed companies and improve the delisting system reform, the Shanghai Stock Exchange (SSE) has revised three supporting rules for delisting including the “SSE Measures on Re-listing of Delisted Companies”, the “SSE Detailed Rules on Business in Delisting Arrangement Period”, and the “SSE Provisional Regulations on Stock Trading on Risk Alert Board” in accordance with the “Opinions on Reform, Improvement and Implementation of the Delisting System of Listed Companies” of the China Securities Regulatory Commission (CSRC) and the “SSE Stock Listing Rules (Revised in 2014)”. Besides, the SSE has incorporated into the three supporting rules the contents of its three previously-released notices on separate businesses, including the “Notice of Issues of Cementing Management of Stock Trading on Risk Alert Board”, the “Notice of Revising, Abolishing Relevant Business Rules of SSE Delisted Share Transfer System”, and the “Notice of Issues of Listed Companies’ Shares Entering Delisting Arrangement Period for Trading”.
The above-mentioned three supporting rules for delisting have been discussed and approved by the SSE’s Board of Governors and got approval from the CSRC. The SSE hereby releases these new rules, which will take effect on the release date, and the former three supporting rules for delisting and the above-mentioned three notices on separate businesses will be abolished at the same time.
