China Securities Regulatory Commission, Decision on Amending the Measures for the Administration of Material Asset Restructurings by Listed Companies (Solicitation of Public Comments)
中国证券监督管理委员会关于修改《上市公司重大资产重组管理办法》的决定 (公开征求意见)
September 11, 2019 | BY
Susan MokThe CSRC is to revise measures to achieve quality restructurings of listed companies
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Issued: June 20, 2019
Main contents: Firstly, the Decision proposes to remove the "net profit" indicator from the criteria for determining a restructuring and listing, and supports a listed company relying on an acquisition and restructuring to achieve resource integration and industrial upgrading.
Secondly, it proposes to further shrink the calculation period for the "initial accumulation principle" to 36 months so as to motivate acquirers and their affiliated parties