China Overhauls Takeover Code of Listed Companies

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clpstaff &clp articles

China's new Takeover Code imposes stringent information disclosure requirements and clarifies rules to make the acquisition process more efficient.

China's new Takeover Code aims to boost domestic and cross-border merger and acquisition activities involving PRC-listed companies. It imposes stringent information disclosure requirements to improve transparency and clarifies rules to make the acquisition process more efficient.

By Jean-Marc Deschandol and Charles Desmeules, Norton Rose, Beijing

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