As pointed out repeatedly in this column, the Exchange will soon make its first public statement regarding its views and policies on parent-child listings. In the press release from the expert meeting on December 10 last year, it was mentioned that the announcement would come around the New Year, so it is likely to be made today at the earliest, or at the latest by the end of next week.
Regarding the stock price response to this, three scenarios can be considered. The main scenario suggests that while the listing rules will be fairly strict, there will initially be an...
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