(MENAFN)The National Equities Exchange and Quotations (NEEQ), called the New Third Board, specified new rules on ending listings on the exchange as part of its efforts to develop exit mechanism and keep investors.
The new rules that were activated on Friday, listed altogether 12 circumstances under which companies is going to be pushed to dismiss listings, with undependable information disclosure, major defects in corporate governance and violations of laws and regulations.
Measures propose is keeping the interests of investors also developed for both forced and voluntary delistings, as conditions and procedures for voluntary delisting were enhanced.
The NEEQ promised to concentrate on developing the quality of marked companies for the next step.
Also, the New Third Board inaugurated in 2013 to increase the Shanghai and Shenzhen stock exchanges to help small and medium-sized organizations.
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