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, the stock exchange may decide to suspend the listing of its corporate bonds: (1) Where the company has any major irregularity; (2) Where the company has any major change and thus fails to meet the requirements for the listing of corporate bonds; (3) Where the funds as raised through the issuance of corporate bonds fail to be used according to the purpose as verified; (4) Where the company fails to perform its obligations according to the measures for financing through the issuance of corporate bonds; or (5) Where the company has been operating at a loss for the latest 2 consecutive years. Article 61 Where a company is in any of the circumstances as described in item (1) or (4) of the preceding Article herein and the consequences as incurred therefrom have been verified to be serious, or where a company is under any of the circumstances as described in any of item (2), (3), or (5) of the preceding Article herein and fails to eliminate the relevant consequence within a specified time limit, the stock exchange shall decide to terminate the listing of corporate bonds of the company. In case a company is dissolved or declared bankrupt, the stock exchange shall terminate the listing of corporate bonds thereof. Article 62 Any company, which is dissatisfied with a decision of a stock exchange on disapproving, suspending or terminating its listing, may file an application for a review with the review organ established by the stock exchange. Section III On-going Information Disclosure Article 63 The information as disclosed by issuers and listed companies according to law shall be authentic, accurate and integrate and may not have any false record, misleading statement or major omission. Article 64 As for the stocks that have been publicly issued upon the verification of the securities regulatory authority under the State Council or for the corporate bonds that have been publicly issued upon the verification of the department as authorized by the State Council according to law, the prospectus or the measures for financing through the issuance of corporate bonds shall be announced. In an IPO of stocks or corporate bonds, the relevant financial statements shall be announced as well. Article 65 A company whose shares or bonds have been listed for trading shall, within two months as of the end of the first half of each accounting year, submit to the securities regulatory authority under the State Council and the stock exchange a midterm report indicating the following contents and announce it: (1) The financial statements and business situation of the company; (2) The major litigation involving the company; (3) The particulars of any change concerning the shares or corporate bonds thereof as already issued; (4) The important matters as submitted to the general assembly of shareholders for deliberation; and (5) Any other matter as prescribed by the securities regulatory authority under the State Council. Article 66 A listed company whose shares or bonds have been listed for trading shall, within four months as of the end of each accounting year, submit to the securities regulatory authority under the State Council and the stock exchange an annual report indicating the following contents, and announce it: (1) A brief account of the company's general situation; (2) The financial statement and business situation of the company; (3) A brief introduction to the directors, supervisors, and senior managers of the company well as the information regarding their shareholdings; (4) The information on shares and corporate bonds as already issued, including the name list of the top 10 shareholders who hold the largest numbers of shares in the company as well as the amount of shares as held thereby; (5) The actual controller of the company; and (6) Any other matter as prescribed by the securities regulatory authority under the State Council. Article 67 In the event of a major event that may considerably affect the trading price of a listed company's shares and that is not yet known to the investors, the listed company shall immediately submit a temporary report regarding the said major event to the securities regulatory authority under the State Council and the stock exchange and make an announcement to the general public as well, in which the cause, present situation and possible legal consequence of the event shall be indicated: The term "major event" as mentioned in the preceding paragraph herein refers to the following circumstances: (1) A major change in the business guidelines or business scope of the company; (2) A decision of the company on any major investment or major asset purchase; (3) An important contract as concluded by the company, which may have an important effect on the a 上一页 [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] ... 下一页 >> |