MOFTEC Promulgates New Rules For Merger And Acquisition Activities To Be Conducted By Foreign Investors In Mainland China

Mondaq Business BriefingHong Kong Law Articles in English (2003)

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MOFTEC Promulgates New Rules For Merger And Acquisition Activities To Be Conducted By Foreign Investors In Mainland China

Written by Elaine Lo (Partner) and Andy Yip (Solicitor) of Johnson Stokes & Master (21 Mar 2003)

Summary

The Ministry of Foreign Trade and Economic Co-operation ("MOFTEC"), the State Tax Bureau, the State Administration for Industry and Commerce ("SAIC") and the State Administration of Foreign Exchange jointly promulgated the Provisional Regulations on the Merger and Acquisition of Domestic Companies by Foreign Investors (the "M&A Regulations") on 2 January 2003. The main purpose of the M&A ...

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