From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the Provisions for the Acquisition of Domestic Enterprises by Foreign Investors(关于外国投资者并购境内企业的规定), jointly issued by the Ministry of Commerce (MOFCOM), the China Securities Regulatory Commission and four other government agencies.
Ministry of Commerce approves M&A share swaps
From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the…
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