The Tokyo and London stock exchanges may open a new bourse strictly for institutional, corporate and other professional investors later this month, the TSE said Thursday.
The new bourse, Tokyo AIM (Alternative Investment Market) will not require its listed companies to release financial results on a quarterly basis and prepare disclosure statements in Japanese, freeing them from the costly complications, it said.
Instead, the bourse will authorize listed firms to release results only on a half-year basis and compile disclosure dossiers in English to pave the way for Japanese and Asian companies with high growth potential to raise funds more easily, it said.