129833943192500000_377HK IPO claims "expansion" secondary claim scope to be defined
Facing a glut of "deep break", SFC also seeks to enhance the regulatory measures in recent days. According to Hong Kong media reports, SFC sponsor people determined to combat irregularities, the SFC proposed transactions in the secondary market investors early next year, whether it is based on offering document disclosure and complaint claims consulting market. Analysts believe that this measure can be addedStrong protection of investors, but need to make a complaint and claim compensation from the range of investors, may recover the amount and calculation basis, specific buying time; however, market participants believe that sponsors, underwriters and issuers with secondary market buyer and there is no contractual relationship. Previously, SFC suggested that sponsors liable for untrue statements in the prospectus (including majorMissing) civil and criminal liability, be liable to a maximum fine of 700,000 Hong Kong dollars and imprisonment for 3 years. Analysts said this could lead and sponsors are reluctant to choose Hong Kong as their place of listing, regulatory balance needs to take into account the interests of all parties, and try not to hit Hong Kong's status as a centre of new financing. Secondary market purchases may need to define the scope of claims and contractual relations 2005Year Hong Kong Securities and Futures Commission has consulted the market, suggested that the complaints about new stock compensation, extended to secondary market investors, and as long as proved untrue statement caused its loss causes, even if the investor is based on other sources of information and to buy shares, also claim compensation from an opportunity to appeal and, at that time under the proposed end-markets strongly oppose is withdrawn. According to Hong Kong media reports, the recent Hong Kong SFCLatest comment is made by, released at the beginning of next year in the comprehensive review of the prospectus Advisory, primary and secondary market investors are offering statement complained the compensation of errors in the file. Shenyin wanguo (Hong Kong) Director Zheng Jiahua told the Business Journal says, this is a number of issues need to be addressed, such as how the secondary market investors because of enrollmentShare file loss resulting from misrepresentation, investors may buy shares because of news reports or other information; in addition, issues such as scope and may recover the amount claimed to be clearly defined. "Trading in the secondary market is not, ' I told you to buy ', sponsors, underwriters and issuers and buyers in the secondary market and there is no contractual relationship, because the issuers would not have received from indirectBuy stock sales income of the shareholder. "Zheng Jiahua said. China Merchants securities (Hong Kong) investment banking Managing Director Ronald Wan told reporters that such measures will be hard. IPO members only need to see the prospectus on the sale, which has contract relations; and some investors believe in the secondary market to buy the same as shareholders
wow power leveling, according to sue listed companies have some roadThe acting. Hontex International (00946. HK) listed two months since the suspension, bought from the secondary market of shares investors can only hope win in securities-related litigation, so as to obtain compensation. In addition, the listing of 2009 to introduce forms of fruit industry in Asia (00073. HK), because of the pre-IPO shares in Hong Kong "split in ten", but the prospectus information is notClearly shows the net assets per share after breaking its fine, cause the listed price on the first day than the day before the United Kingdom nearly 8 times times more closing prices, company stock is then forced to suspend business, plunged after the resumption. According to Hong Kong media reports, President of the Hong Kong Institute of investors said Tan Shaoxing, Hong Kong Securities and Futures Commission's complaint claims extend prospectus to secondary market buyer, in the above case of fruit industry in Asia, someInvestors who lost money because the costs are too high, and made no claim. Independent commentators David Webb is considered, even from the investors in the secondary market to buy new shares have the right to claim, before the introduction of collective action in Hong Kong, it is difficult to expect the small investors to bear the huge legal costs against the issuers or sponsors. Dereliction of duty criminal liability sponsors needed? Regulatory orNeed to balance the interests of all parties in Hong Kong Securities and Futures Commission recently recommended, sponsor shall be untrue statement in the prospectus (including major omissions) civil and criminal liability, be liable to a maximum fine of 700,000 Hong Kong dollars and imprisonment for 3 years.
After Hong Kong media reports, the combination of a number of investment banks, by lawyers to the Commission reflect the views of Hong Kong. Zheng Jiahua, to imprisonment for 3 yearsUnfair, in a project of new listings, involves the responsibility of professionals
Rift CD-key, including investment bankers, such as lawyers and accountants. "Why the sponsors to bear this responsibility alone, new projects might not be willing to do in the future
SWTOR Power Leveling, is likely to affect Hong Kong's leading position in new markets. "The SFC consider balancing the needs in this regardThe interest. Ronald Wan were of the view that some enterprises for information disclose fraud, sponsors may also be victims of almost adjacent to more than one or two years, Hong Kong shares, "break", and background about the economic slowdown, need to be clear what is causing poor performance because of alleged false statements, which is caused due to the economic environment, "performance changing faces".
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