State-owned Assets Supervision and Administration Commission of the State Council, Tentative Provisions for the Administration of the Acquisition of Shares of Listed Companies by State-owned Work Units
国务院国有资产监督管理委员会国有单位受让上市公司股份管理暂行规定
First provisions on the acquisition of shares of listed companies by state-owned entities.
Date:
July 2007
CLP Reference: 2140/07.06.28
Promulgated: 28 June 2007
Keywords (click to search): [state-owned shareholding] [SOE mergers and acquisitions ]
First provisions on the acquisition of shares of listed companies
by state-owned entities.
Issued: June 28 2007
Applicability: The term "state-owned work units" refers to state-owned and state-controlled enterprises, relevant organizations and institutions, etc., that are subject to the regulation of all levels of state-owned assets supervision and administration authorities (Article 2).
The acquisition of shares of listed companies by securities companies and fund management companies dedicated to securities business that are wholly state-owned or state-controlled shall be handled in accordance with the relevant provisions (Article 3).
Main Contents: Where the net aggregate shares of a listed company acquired by a state-owned work unit in a financial...
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