Detailed rules for the implementation of non-public offering of shares by listed companies
(20 1 1 Revision) Chapter I General Provisions
Article 1 In order to regulate the non-public offering of shares by listed companies, these Detailed Rules are formulated in accordance with the relevant provisions of the Measures for the Administration of Securities Issuance of Listed Companies (Order No.30 of the CSRC, hereinafter referred to as the Administrative Measures).
Article 2 Non-public offering of shares by listed companies shall be conducive to reducing related transactions, avoiding horizontal competition and enhancing independence; It should be conducive to improving asset quality, improving financial situation and enhancing sustainable profitability.
Article 3 The directors, supervisors, senior managers, sponsors, lead underwriters, professionals who have issued special documents for this offering and their institutions, as well as the controlling shareholders, actual controllers and their internal personnel of listed companies shall abide by relevant laws, regulations and rules, be diligent and conscientious, and shall not seek illegitimate interests by making use of the non-public offering of shares by listed companies, and shall not disclose inside information or use inside information to conduct securities trading or manipulate securities trading prices.
Article 4 The controlling shareholder, actual controller and the issuer of a listed company shall provide information to the listed company in a timely manner in accordance with the relevant provisions, and cooperate with the listed company in fulfilling its information disclosure obligations in a true, accurate and complete manner.
Article 5 A sponsor institution and a listed company shall follow the principles of fairness and justice in selecting the issue target and determining the issue price of non-public shares, and embody the best interests of the listed company and all shareholders.
Article 6 Where the issuance plan involves major asset restructuring as stipulated by the China Securities Regulatory Commission, its supporting financing shall be handled in accordance with the existing relevant regulations.
As long as it is process compliance. The fixed-income fund can invest in the company in which he shares. This is also a way for listed companies to improve their profitability.