New rules will only allow a 1% price increase on the day and a 5% price decline for shares marked for Special Treatment (ST). What qualifies a share for special treatment? One major cause is two straight years of losses. Three years of losses can lead to delisting.
Junk shares plunge after Shanghai bourse announces new proposal
This Chinese article 上交所:细则明年初实施 不排除调整风险股涨跌幅比例 states that there are 62 firms with 1-year of losses (FY 2011), 15 companies with two years of losses, and 1 firm with three years of losses and facing delisting.
The Market Will Soon Hit An Air Pocket And Drop 20% In A Matter Of Months
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Yesterday, in a presentation to investors, Dubravko Lokas-Bujas, JP
Morgan’s Chief Global Equity Strategist, called for an “out of the blue”
stock market c...
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