NZX participants back simpler listing rules; split on looser small-cap criteria

Mon, 15 Jan 2018

By Rebecca Howard Jan. 16 (BusinessDesk) - The NZX received 70-odd submissions on proposed changes to stock market listing rules and while most back simplifying the rules, they were divided on a proposal to incorporate differential requirements for equity issuers. Last September, the Wellington-based stock market operator released a discussion document with its preferred route of action, dropping the small-cap NZAX and NXT markets and introducing greater flexibility around disclosure on the main board. Among other things, the new ru...

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