Mergers and Acquisitions

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: The new Guidelines revise…

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: In the case of a management…

China's new Takeover Code imposes stringent information disclosure requirements and clarifies rules to make the acquisition process more efficient.

The Provisions add extra regulation by installing a more transparent and tightly controlled administration system and imposing additional requirements for foreign exchange registration.

The Provisions underline the PRC's concern over inbound M&A activities. It adds extra regulations to the administration system, determination of qualified FIEs, certain M&A activities, and foreign exchange registration.

From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the…

Under the revisedMeasures for the Administration of the Takeover of Listed Companies(上市公司收购管理办法), which becomes effective on September…

Prohibits direct offshore ownership structure, guaranteed fixed returns for foreign-invested real estate enterprise, and heightens scrutiny in the area of equity interests transfer and merger & acquisition in real estate-related industry.

By Liu [email protected] www.sullcrom.comA publicly-listed company is typically managed or controlled by a board of directors. The success…