Britain’s financial regulator is to bolster its stock market listing rules to better protect minority shareholders, after high-profile scandals at mining companies ENRC and Bumi left some investors nursing heavy losses.
Investigations into alleged irregularities at Kazakh mining group ENRC and Indonesia-focused Bumi, have put a spotlight on listing rules and the damage done to the interests of minority shareholders.
See http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=211588&sn=Detail.