JUJIANG CONSTRUCTION GROUP CO., LTD. Public Disciplinary Actions

Public Disciplinary Actions

SFC fines Guotai Junan Securities HK$25.2m

SFC, 22-Jun-2020

This partly relates to the handling of the IPO of an unnamed company which we can reveal is Jujiang Construction (1459) in Jan-2016.

Orgs

Concentration warning in Jujiang Construction (1459)

SFC, 04-Feb-2016

Comment: unlike the GEM, the Main Board Listing Rules do not require any statement of the distribution of placing shares at the time of listing. 90% of the issue was placed, probably in concentrated hands, but no disclosure was required before trading began on 16-Jan. The main board rules should adopt the GEM requirement, disclosing how many shares went to the largest, top 5, top 10 and so on.

Orgs

Topics

Organization