November 23, 2018 / 10:41 AM / 20 days ago

Shanghai stock exchange to allow stake sales six months after share buyback

BEIJING, Nov 23 (Reuters) - The Shanghai Stock Exchange will allow listed companies to sell stakes six months after share buybacks and tighten disclosure requirements for buybacks, it said on Friday.

The exchange will also allow companies to use funding tools including borrowing and preferred share issuance for share buybacks, it said in a statement.

Reporting by Sameul Shen and Beijing Monitoring Desk Editing by David Goodman

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