State Administration for Industry and Commerce, Measures for the Administration of the Registration of Debt-for-equity Swaps of Companies
国家工商行政管理总局公司债权转股权登记管理办法
Debts have to be appraised for a debt-for-equity swap.
Issue: December 2011/January 2012
CLP Reference: 2330/11.11.23
Promulgated: 23 November 2011
Effective: 01 January 2012
Keywords (click to search):
debt-for-equity swap
creditor
claim
restructuring
asset appraisal
capital verification
Promulgated: November 23 2011
Effective: January 1 2012
Applicability: For the purposes of these Measures, the term “debt-for-equity swap” means the act whereby a creditor converts a lawful claim that it has against a limited liability company or a company limited by shares established in China (a Company) into equity of such Company thereby increasing the registered capital of such Company (Article 2).
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