Ministry of Commerce, Circular on Issues Relevant to the Conversion of Unlisted Foreign Investment Shares of Foreign-invested Companies Limited by Shares into Tradable B-Shares

商务部关于外商投资股份有限公司非上市外资股转B股流通有关问题的通知

December 18, 2008 | BY

clpstaff &clp articles &

Conversion of unlisted foreign investment shares into tradable B-shares streamlined.

Clp Reference: 3710/08.07.30 Promulgated: 2008-07-30

Issued: July 30 2008

Main Contents: If, pursuant to the requirements of the applicant's articles of association, shareholder agreement, other legal document or laws or regulations, the holder of the unlisted foreign investment shares to be converted into tradable B-shares bears special obligations and responsibilities (including but not limited to providing a shareholder loan, providing security for a loan, technology transfer, trademark licence, etc.), the application for the conversion of unlisted foreign investment shares into tradable B-Shares may only be made after the aforementioned obligations and responsibilities have been performed (Article 3).

Related Legislation: Several Opinions on Foreign Investment Issues Relating to Listed Companies , Nov 8 2001, CLP 2001 No.10 p.93

Repealed Legislation: Supplementary Circular on Issues Concerning the Conversion of Unlisted Foreign Investment Shares of Foreign-invested Companies Limited by Shares into Tradable B-shares, 2002

clp reference:3710/08.07.30prc reference:商资函〔2008〕59号promulgated:2008-07-30

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