New Reply

Post a Reply

Thread: Measures for Administration of Strategic Investments of Foreign Investors inListed Companies

Title: (100 characters at most)

Content: ( 3,000 characters at most, please )

You can add emoticons below to your post by clicking them.

[quote=JIMMYB,250302]Article 7 strategic investment by listed companies issuing shares directionally shall be handled as following procedures: 
1. board of directors of listed companies adopts the resolution on directionally issuing new shares to the investors and the draft for amending companies’ rules; 
2. shareholders conference adopts the resolution for issuing new shares directionally to the investors and amending the companies rules; 
3. the contract signed by listed companies and the investors; 
4. the listed company submits corresponding application documents in accordance with Article 12 of these measures. Where there is any special provision it shall be followed; 
5. after receiving the comments on the principle about the investors’ strategic investment in a listed company, the listed company shall submit application documents for directional issuance to China Securities Regulatory Commission, China Securities Regulatory Commission shall examine and approve the applications in accordance with laws; and 
6. After completing the directional issuance, the listed company shall obtain the certificate of approval for foreign-funded enterprises at the Ministry of Commerce, and go through alteration registration at the administrative department of industry and commerce by the certificate of approval. 
Article 8 Strategic investment in the form of agreement transference shall be carried out as following procedures: 
1. The board of directors of a listed company adopts the agreement on investors’ strategic investment by the form of agreement transference; 
2. the shareholder’s conference adopts the resolution on investors’ strategic investment in the form of transference; 
3. the assignor signs share transference agreement with the investor; 
4. the investor submits corresponding applications to the Ministry of Commerce in accordance with Article 12 of these measures except for special provisions; 
5. the investor buying shares of a listed company shall handle share transference confirming formalities in stock exchange after obtain above approval, and register in bond registration settlement organs to apply for handling transferring formalities and report to China Securities Regulatory Commission for record; and 
6. after transferring the agreement, the listed company obtains the approval certificate for foreign merchants’ investment enterprises in the Ministry of Commerce, and go through alteration registration at the administrative department of industry and commerce by the certificate of approval. 
[/quote]

characters left

Name:

Get a new code