New details of the status of suspended symbols in the stock exchange and off-exchange – Tejaratnews
According to Tejarat News, Walialeh Jafari mentioned the latest status of suspended symbols in the stock exchange and over-the-counter and added: In the Tehran Stock Exchange, the symbols of provincial investment companies are the only ones that have been suspended for more than a week.
He continued: In the case of provincial investment companies, this issue has been raised in the Supreme Council of the Stock Exchange and the Sub-Commission, and its members are determined to find a solution to reopen the symbol of provincial investment companies and issues related to equity shares.
Jafari, explaining the status of suspended symbols in the OTC market, also stated: In the first and second OTC markets, there is no suspended symbol for more than a week, but in the basic market, about 20 symbols have remained suspended for more than this period of time, and some of these symbols have been suspended for several years. are not traded and are stopped.
He explained: Stop symbols in the basic market are divided into three categories; The first group is related to the symbols that are closed due to the lack of transparency in the information and financial statements, the information and the reason for the suspension of each company’s shares are available on the FBA website.
The director of the supervision of the publishers of the Stock Exchange Organization continued: Also, the other group of suspended symbols is formed by companies that are in the process of liquidation and have not registered the necessary information in the Kodal system in the last few years.
He added: The last group of suspended symbols are the companies that were canceled from the Tehran Stock Exchange and transferred to the over-the-counter base market. Regarding this group, there were challenges regarding the guidelines and requirements of the past, which led to the long-term suspension of the symbol, so the necessary modification was made in the instructions to reopen the stopped symbols as soon as possible.
Jafari further added: We can reopen the symbol of 4 companies that were canceled from the Tehran Stock Exchange and transferred to the over-the-counter base market as soon as possible by amending the instructions. But the first two groups mentioned, i.e. the publishers whose trading symbol has been suspended due to the lack of transparency and the liquidation of the company, are currently unable to reopen.
The director of the supervision of issuers of the stock exchange organization said: Regarding the first group, which consists of more than 20 suspended companies in the basic market, we intend to solve their challenge by clarifying and removing ambiguity in the basic market.
He reminded: With the establishment of the consensus market system, the trading symbol of these companies will be reopened. We are determined to provide the platform in such a way that the symbols do not remain stagnant for a long time.
Source: Irena