SECURITIES REGULATOR AMENDS RULES TO HELP BOLSTER INVESTOR CONFIDENCE

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clpstaff &clp articles

China Securities Regulatory Commission (CSRC) has issued amendments to theMeasures for the Administration of the Takeover of Listed Companies 《上市公司收购管理办法》,…

China Securities Regulatory Commission (CSRC) has issued amendments to theMeasures for the Administration of the Takeover of Listed Companies 《上市公司收购管理办法》, in an attempt to stimulate the current market status and improve investor confidence.

The amendments to Article 63 encourage listed-companies' shareholders to increase their stake. Previously, certain investors were required to apply for prior approval if they planned to increase their holdings. The amended Article has removed such a procedure, so that the application can be submitted after investors have increased their shares.

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