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ARTICLE · 28 APRIL 2011

Voluntary Delisting Of Listed Companies

Eryurekli Law Office
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Following the announcement of new trading principles which will be applicable for thin stocks as from 01.10.2010, CMB has continued to take additional measures for the efficient price formation in Turkish Stock Markets and for the prevention of stock market manipulation/disorder.

TurkeyFinance and Banking
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First published 10 August 2010

Following the announcement of new trading principles which will be applicable for thin stocks as from 01.10.2010, CMB has continued to take additional measures for the efficient price formation in Turkish Stock Markets and for the prevention of stock market manipulation/disorder. Within this framework, CMB has revised the legal infrastructure of trading bans and, in order to start off with a clean slate, announced a general amnesty for persons which have been subject to such bans. In addition to the above, CMB has announced new principles for the voluntary delisting of listed companies with very low free float and thus set the background for a deeper stock market. The announcement of the principles has long been awaited by certain listed companies and, accordingly, the market may observe a considerable number of delisting practice in the upcoming term.

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