Plan To Curb Insider Trading Delayed

The Hong Kong stock exchange has delayed plans by three months to extend a ban for directors and key shareholders from selling shares prior to earnings announcements. Previously, the new rule - which would see these shareholders barred from trading their equity holdings between the end of annual and interim reporting periods and the public announcement of earnings (the time period may span up to seven months in a year) - was scheduled to come into effect on January 1, 2009.

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