New rules strengthen supervision of asset restructuring

Llinks Law Offices
Christophe Han and Leo Wang
[email protected], [email protected]

On June 24, the State-owned Assets Supervision and Administration Commission of the State Council promulgated the Notice on Regulating the Issues Concerning the Asset Restructuring between State-owned Shareholders and Listed Companies (New Rules). This regulates actual and potential state-owned shareholders (SOS) injecting assets into/purchasing/replacing assets of listed companies, as well as changes to shares they hold in the companies.