Let the Games Begin: New Takeover Code Opens Door to Acquisition of Listed Companies

For the first time, clear rules have been spelled out as to how a takeover of listed Chinese companies can be done.

16 minute readOctober 31, 2002 at 11:58 PM

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By Jonathan Z. Zhou, Fangda Partners

Before the Administration of the Takeover of Listed Companies Procedures (the Takeover Procedures or Procedures) were issued, various rules and provisions in the PRC Securities Law (中华人民共和国証券法) and different stock exchange listing rules governed takeover activities in the PRC.

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