China Securities Regulatory Commission, Opinions on the Application of Securities and Futures Laws No.9: Opinion on the Application of Article 74 of the «Measures for the Administration of the Takeover of Listed Companies» Concerning the Determination of the Time of Completion of an Acquisition to Increase the Shares Held in a Listed Company Accomplished through Centralised Competitive Trading
中国证券监督管理委员会《上市公司收购管理办法》第七十四条有关通过集中竞价交易方式增持上市公司股份的收购完成时点认定的适用意见—证券期货法律适用意见第9号
Time of completion of an acquisition to increase shareholding clarified.
Issue: April 2011
CLP Reference: 3710/11.01.17(2)
Promulgated: 17 January 2011
Keywords (click to search):
acquisition
M&A
takeover
shareholding
Issued: January 17 2011
Main contents: When an acquirer increases its holding of the shares of a listed company through centralised competitive trading, its acquisition act shall be deemed completed once the last batch of shares that it has acquired has been registered and title thereto has been transferred. The shares of the target company held by the...
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