China Securities Regulatory Commission, Decision on Amending the «Measures for the Administration of the Takeover of Listed Companies» (Draft for Comments)
中国证券监督管理委员会关于修改<上市公司收购管理办法>的决定（征求意见稿）
August 15, 2014 | BY
clpstaff &clp articles &Issued: July 11 2014Main contents: The Draft abolishes the requirement for prior examination approval of a takeover offer and for the examination and…
Issued: July 11 2014
Main contents: The Draft abolishes the requirement for prior examination approval of a takeover offer and for the examination and approval of two of the circumstances for waiver of a takeover offer. With respect to performance bonds in connection with takeover offers of acquirers, the Draft makes available guarantees issued by banks and the bearing of joint and several liability by the financial advisor.
Issued: July 11 2014
Main contents: The Draft abolishes the requirement for prior examination approval of a takeover offer and for the examination and approval of two of the circumstances for waiver of a takeover offer. With respect to performance bonds in connection with takeover offers of acquirers, the Draft makes available guarantees issued by banks and the bearing of joint and several liability by the financial advisor.
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