Issued: December 10 2001
Effective: January 1 2002
Applicability: For the purposes of the Circular, an asset purchase, sale or exchange shall be deemed "major" if the total value of the acquired, sold or exchanged assets accounts for at least 50% of the total assets stated in the latest audited consolidated statement of the listed company, if the net value of such assets accounts for at least 50% of the net assets stated in the latest audited consolidated statement of the listed company, or if the main business revenue generated by such assets accounts for at least 50% of the main business revenue stated in the latest audited consolidated statement of the listed company (Section One).
China Securities Regulatory Commission, Several Questions Concerning Major Asset Purchases, Sales and Exchanges by Listed Companies Circular
中国证券监督管理委员会关于上市公司重大购买、出售、置换资产若干问题的通知
Issued: December 10 2001Effective: January 1 2002Applicability: For the purposes of the Circular, an asset purchase, sale or exchange shall be deemed "major"…
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