Acquisition of domestic enterprises in the encouraged or permitted category which transaction amount is less than or equal to US$100 million may be approved by local authorities.
New measures covering the administration of outbound investment promise faster and simpler review of many small to medium-size PRC direct investments abroad, and more careful review of others. By Neal Stender, Lin Lawrence Zhou and Yan Zeng, of Orrick Herrington & Sutcliffe, Beijing, Hong Kong and Shanghai.
China's rejection of Coca-Cola's bid for Huiyuan Juice on anti-monopoly grounds stirred debate on protectionism, and raised unwarranted concerns about future M&A activity in the country
China's rejection of Coca-Cola's bid for Huiyuan Juice on anti-monopoly grounds stirred debate on protectionism, and raised unwarranted concerns about future M&A activity in the country
New measures formalise and streamline the process for making capital contributions using equity, although they may raise approval issues for foreign-invested enterprises.