(Bloomberg) -- The Shenzhen Stock Exchange said it
will halt trading in East China Engineering Science and
Technology Co., which debuts on the bourse today, for as much as
30 minutes to curb speculation should the share price surge
after trading begins.
East China Engineering, which provides services to the
chemical and petrochemical industries, will face a 30 minute
trading halt should the price increase reach 2.5 times the
opening price's premium to the stock's 20 yuan initial public
offering offer price. Suspensions of 15 minutes will be
triggered at 1.5 times and 1.9 times, and a warning
will be issued should 80 percent of the shares change hands,
the exchange said in a statement today.
Read more at Bloomberg Emerging Markets News
will halt trading in East China Engineering Science and
Technology Co., which debuts on the bourse today, for as much as
30 minutes to curb speculation should the share price surge
after trading begins.
East China Engineering, which provides services to the
chemical and petrochemical industries, will face a 30 minute
trading halt should the price increase reach 2.5 times the
opening price's premium to the stock's 20 yuan initial public
offering offer price. Suspensions of 15 minutes will be
triggered at 1.5 times and 1.9 times, and a warning
will be issued should 80 percent of the shares change hands,
the exchange said in a statement today.
Read more at Bloomberg Emerging Markets News
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