Market contingencies

IEC - Market contingencies

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Portal-Investment

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01/04/2016

Market contingencies

Bank Crisis - The failed bank is the bank where a listed company safekeeps its cash

Assume that a listed company has put most of its spare cash in the failed bank, will the listed company be able to pay out cash dividends it declared, say, two months ago, to its shareholders, which will be due in a week?
The Stock Exchange of Hong Kong as front line regulator for listed companies will liaise closely with the company to ensure that it keeps the market informed of its position.