日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

Subsidiaries allowed to list on ChiNext

0 CommentsPrint E-mail Shanghai Daily, April 14, 2010
Adjust font size:

Subsidiaries of Chinese mainland listed companies can launch initial public offerings on the country's growth-enterprise market, according to China Securities Regulatory Commission.

The parent company must have been profitable for three straight years and not running the same business as the listed subsidiary.

A subsidiary's net income can't exceed 50 percent of its parent's and its net assets should account for no more than 30 percent of its parent's. The parent can't use any proceeds it raises from the public in the subsidiary.

Also, executives and their relatives of the parent can hold no more than a 10 percent stake of the subsidiary ahead of its IPO, the regulator said.

Stocks on ChiNext suffered widespread losses yesterday and 11 stocks dropped by the daily cap of 10 percent as the news indicated that the government will increase supplies to the board to prevent overheating.

The regulator has reviewed 106 companies which applied to float shares on ChiNext, China's Nasdaq-style growth-enterprise market that offers smaller companies more financing channels, and 86 of them have been approved.

Prices of stocks on the board have reached nearly 80 times their earnings, compared with the average 20 times of blue chips.

"The valuation is too high, and stocks on the board are expected to decline by 20 percent to 30 percent in a short term," said Liu Jingde, a Cinda Securities Co analyst.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 孝昌县| 阿拉善右旗| 隆子县| 舒城县| 哈尔滨市| 九江市| 慈溪市| 高邑县| 新干县| 梁平县| 西平县| 无锡市| 襄垣县| 万州区| 土默特左旗| 吴江市| 彭山县| 巴彦淖尔市| 武冈市| 喀喇| 利辛县| 尉氏县| 平南县| 当雄县| 九台市| 瓮安县| 旬邑县| 格尔木市| 怀柔区| 贵南县| 正宁县| 舞钢市| 来安县| 邢台县| 嘉义市| 连云港市| 阿图什市| 金湖县| 蒲江县| 祁连县| 突泉县|