On April 18 2008, the CSRC promulgated the Administrative Rules on Material Asset Restructuring of Listed Companies. This represents another major move to improve the basic system of the domestic stock market in China, and signifies that the M&A and restructuring of China's listed companies has entered a new era of standardization and development.
The Circular allows commercial banks to engage in gold futures trading and specifies the conditions such as having the qualifications to trade in derivatives.
Manisha Singh NairLex OrbisA recent survey on piracy released by the Business Software Alliance (BSA) shows that there has been a fall in piracy in India.…
Earlier this year the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation issued a circular containing new Measures on HNTE Recognition. These measures, along with a Catalogue of supported industries, detail HNTE recognition requirements and necessary administration procedures under the PRC Enterprise Income Tax Law.
The Measures set forth the criteria for recognition as a hi-tech enterprise. After obtaining qualifications as a hi-tech enterprise, the enterprise is entitled to tax reduction or exemption.
A material asset reorganization shall be constituted when the purchase or sale of assets by a listed company and by the companies in which it has a controlling interest or that it controls reaches any of the specified benchmarks
Maoye International has raised HK$2.7 billion (US$343 million) in a Hong Kong initial public offering, the first company to list on the Main Board of the…
Taiwan firm J&J Attorneys-at-Law's nine lawyers have joined the Taipei office of Kirkpatrick & Lockhart Preston Gates Ellis (K&L Gates). With offices…
Vladimir Furman and Dina JarmukhanovaMcGuire WoodsIn the absence of a treaty, Kazakhstan will not recognize or enforce judgments of the PRC courts.…
Huaneng Power International has completed an approximately HK$26 billion (US$3.3 billion) acquisition of SinoSing Power from Huaneng Group, including cash…