New procedural regulations for the M&A security review clarify that foreign companies should, before making a formal submission, thoroughly know all the details of a proposed M&A.
This is because documents to be submitted will require extensive descriptions and a consultation opportunity with the governing regulator would only be effective if the correct information is discussed.
On March 4, the Ministry of Commerce (Mofcom) issued provisional rules regarding procedure for the new national security review for foreign mergers and acquisitions (M&As) of domestic entities, the Tentative Provisions on Matters Relevant to the Implementation of the System...
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