China Securities Regulatory Commission, Measures for the Administration of Material Asset Reorganizations by Listed Companies

中国证券监督管理委员会上市公司重大资产重组管理办法

June 02, 2008 | BY

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Threshold for recognition as material asset reorganizations raised.

Promulgated: April 16 2008
Effective: May 18 2008

Applicability: These Measures shall govern asset transactions by listed companies and by the companies in which they have a controlling interest or which they control that involve the purchase or sale of assets outside the normal course of business activities or asset transactions carried out by other means and that reach a prescribed percentage and, as a result, cause a material change in the core business, assets and/or revenue of the listed companies (Material Asset Reorganization).

The issuance of shares by a listed company to purchase assets shall comply with these Measures.

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