Date
24 October 2017

CSRC to revise takeover, asset restructure rules, paper says

The China Securities Regulatory Commission will revise rules for acquisitions and asset restructures by listed companies, imposing heavier penalties for violations to ensure greater fairness and efficiency, the Shanghai Securities News reported Friday, citing sources from a workshop organized by the commission and the Beijing Municipal Finance Bureau. The authorities are also keen to improve protection of shareholders’ interests during restructures, including introducing a requirement that third-party agents price assets and do due diligence, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

EJI Weekly Newsletter

Please click here to unsubscribe