Korea Exchange to enhance transparency of listed overseas firms
Seoul - Yonhap
South Korea's bourse operator said Wednesday it will unveil a set of measures aimed at enhancing accounting transparency of overseas-based firms listed on the local exchange, thus better protecting local investors. The move comes after the Korea Exchange (KRX) halted trading of shares of China Gaoxian Fibre Fabric Holdings Ltd. in March, after the firm's dubious accounting triggered a spate of lawsuits by angry investors.
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