Financial authorities to release criteria for exceptions to the ban on duplicate listings as early as next week
Financial authorities will release specific criteria for the general prohibition on duplicate listings and the conditions for allowing exceptions as early as next week. The document is expected to outline the requirements and procedures for granting exceptions, and the first case in which shareholder approval was obtained has also been confirmed.
Financial authorities will release specific criteria for the general prohibition on duplicate listings and the conditions for allowing exceptions as early as next week. The criteria document sets out the principles related to duplicate listings and the conditions for applying exceptions. The release is expected as early as next week.
The public document is reported to include the conditions and procedures under which exceptions may be allowed. The specific items and detailed procedures can be confirmed in the document when it is released. Work on preparing it is said to be ongoing.
The report said there was a first case in which shareholder approval had been obtained. Specific information, including the company name, can be confirmed in the public document. Details about how shareholder approval was obtained have not yet been disclosed.
This disclosure is part of the process of establishing criteria to clarify the rules governing duplicate listings. The detailed provisions and scope of application are expected to be confirmed after the disclosure document is released. The financial authorities said they are documenting the relevant regulations.
After the disclosure, markets and companies will be able to check the company’s listing plans based on the exceptions and procedures set out in the document. The disclosure document is scheduled to be distributed as an official announcement. After the announcement, readers will be able to check the details directly in the original document.
Sources: 연합뉴스 경제
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