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…
Huaneng Power International has completed an approximately HK$26 billion (US$3.3 billion) acquisition of SinoSing Power from Huaneng Group, including cash…
A survey conducted by PricewaterhouseCoopers (PWC) showed that respondents remained optimistic under the credit crunch, but the pace of regulatory development…
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 Provisions detail the approval procedure of the board of directors of a listed company on material asset reorganization and related information disclosure obligations.
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