China publishes draft rules allowing listed companies to spin off units
SHANGHAI/BEIJING, Aug 23 (Reuters) - China's securities
regulator on Friday published draft rules that would allow
publicly traded companies to spin off subsidiaries for separate
Under the proposed rules, the parent companies must retain
adequate businesses and assets, the China Securities Regulatory
Commission (CSRC) told a news conference in Beijing.
(Reporting by Xiaochong Zhang, Samuel Shen and John Ruwitch;
editing by Darren Schuettler)
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