PETALING JAYA: A wider moratorium on the sale of shares is being applied on new listings of China companies on Bursa Malaysia.
Investment banks sponsoring the new IPOs, in consultation with the Securities Commission (SC), have initiated the move which imposes at least a six-month moratorium not only on the promoters of the company – which has been the usual practice – but also on a list of other shareholders who have emerged prior to the IPO.
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