PART of capital market enhancement measures. As part of the capital market enhancement measures announced by the Deputy Prime Minister on March 11, the Securities Commission (SC) has relaxed the moratorium on disposal of IPO (initial public offering) shares.
Relaxing moratorium on disposal of IPO shares... To recap, the promoters/major shareholders of most IPOs were previously subject to a moratorium such that they cannot dispose of moratorium shares in the first year post-listing, and thereafter are limited to divestment of no more than one-third per year.
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