Takeover of Listed Companies under SSE Rules

Takeovers of Listed Companies under the SSE Rules

China Law & Practice; Hong Kong (Apr 2006)

Abstract

The Measures for the Administration of the Takeover of Listed Companies (the Takeover Measures) and the Measures for the Administration for Disclosure of Ownership Change in Listed Companies (the Disclosure Measures), promulgated by the China Securities Regulatory Commission (CSRC) in 2002, include important disclosure requirements that acquirers should be particularly aware of, during the takeover of a listed company. In addition, the Shanghai Stock Exchange, Listing Rules (Listing Rules) impose certain disclosure obligations upon the relevant parties, particularly the target companies that are involved in the takeovers of Shanghai Stock Exchange (SSE) listed companies. Under the Listing Rules, target companies and acquirers should also be aware of the trading halt and delisting requirements in relation to takeovers.

The Measures for the Administration of the Takeover of Listed Companies (the Takeover Measures) and the Measures for the Administration for Disclosure of Ownership Change in Listed Companies (the Disclosure Measures), promulgated by the China Securities Regulatory Commission (CSRC) in 2002, include important disclosure requirements that acquirers should be particularly aware of, during the takeover of a listed company. In addition, the Shanghai Stock Exchange, Listing Rules (Listing Rules) impose certain disclosure obligations upon the relevant parties, particularly the target companies that are involved in the takeovers of Shanghai Stock Exchange (SSE) listed companies. Under the Listing Rules, target companies and acquirers should also be aware of the trading halt and delisting requirements in relation to takeovers.

You have requested “on-the-fly” machine translation of selected content from our databases. This functionality is provided solely for your convenience and is in no way intended to replace human translation. Show full disclaimer

Neither ProQuest nor its licensors make any representations or warranties with respect to the translations. The translations are automatically generated “AS IS” and “AS AVAILABLE” and are not retained in our systems. PROQUEST AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Your use of the translations is subject to all use restrictions contained in your Electronic Products License Agreement and by using the translation functionality you agree to forgo any and all claims against ProQuest or its licensors for your use of the translation functionality and any output derived there from. Hide full disclaimer Translations powered by LEC.LEC

Full Text

You have requested “on-the-fly” machine translation of selected content from our databases. This functionality is provided solely for your convenience and is in no way intended to replace human translation. Show full disclaimer

Neither ProQuest nor its licensors make any representations or warranties with respect to the translations. The translations are automatically generated “AS IS” and “AS AVAILABLE” and are not retained in our systems. PROQUEST AND ITS LICENSORS SPECIFICALLY DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION, ANY WARRANTIES FOR AVAILABILITY, ACCURACY, TIMELINESS, COMPLETENESS, NON-INFRINGMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Your use of the translations is subject to all use restrictions contained in your Electronic Products License Agreement and by using the translation functionality you agree to forgo any and all claims against ProQuest or its licensors for your use of the translation functionality and any output derived there from. Hide full disclaimer Translations powered by LEC.LEC

Copyright Euromoney Institutional Investor PLC Apr 2006

Leave a Reply

Your email address will not be published. Required fields are marked *