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

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).