New takeover rule to boost equity market

Under the revisedMeasures for the Administration of the Takeover of Listed Companies(上市公司收购管理办法), which becomes effective on September…

2 minute read September 02, 2006 at 12:58 AM

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Under the revisedMeasures for the Administration of the Takeover of Listed Companies(上市公司收购管理办法), which becomes effective on September 1 2006, an investor holding more than a 30% stake in a PRC listed company will no longer be required to make a general offer to buy all its outstanding shares.

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