China Securities Regulatory Commission, Decision on the Amendment of the «Measures for the Administration of Material Asset Restructurings by Listed Companies» (Draft for Comments)
中国证券监督管理委员会关于修改《上市公司重大资产重组管理办法》的决定 (征求意见稿)
July 05, 2016 | BY
Susan Mok &clp articles &Issued: June 17 2016 Main contents: The amended measures set forth stricter regulatory requirements in respect of restructuring and listings…
Issued: June 17 2016
Main contents: The amended measures set forth stricter regulatory requirements in respect of restructuring and listings (i.e. “back-door listings”) in terms of aspects such as the determination of de facto controllers, transaction asset criteria, share lockup period, and rights and liabilities retracing mechanism.
The revised measures require a lockup period of 36 months for the shares of both the previous controlling shareholder and the new controlling shareholder, and the lockup period for other new shareholders is increased from the current 12 months to 24 months.
issued:2016-06-17Issued: June 17 2016
Main contents: The amended measures set forth stricter regulatory requirements in respect of restructuring and listings (i.e. “back-door listings”) in terms of aspects such as the determination of de facto controllers, transaction asset criteria, share lockup period, and rights and liabilities retracing mechanism.
The revised measures require a lockup period of 36 months for the shares of both the previous controlling shareholder and the new controlling shareholder, and the lockup period for other new shareholders is increased from the current 12 months to 24 months.
issued:2016-06-17This premium content is reserved for
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