On 10 May 2019, CVM proposed changes to rules on takeover bids. Consultation on amendments to CVM Instruction 361 on tender offer procedures. Key Changes The instruction relates to tender offers for publicly held company shares (OPA). Changes limited in scope, seek to take into account experience in actual cases. Re submission of OPA by increasing […]
On 8 May 2019, CHI PRL prepared relevant rules for foreign investment law. China’s Ministry of Commerce (MOF) is working with other authorities to prepare relevant rules to ensure successful implementation of the foreign investment law. Also reviewing and reorganizing regulations on foreign investment management. Will listen to comments or suggestions from foreign-invested enterprises, others. […]
On 10 May 2019, the SFC reported a Substantial Shareholding in Bisu Technology Group International Limited (Stock Code: 01372).
On 6 May 2019, CHI SAFE issued update on needs of foreign investors. In April 2019, the State Administration of Foreign Exchange approved 9 qualified foreign institutional investors (QFII) with their investment quotas totaling $4.2bn. Approved 5 RMB qualified foreign institutional investors investment of 9.7bn yuan. So far, a total of 13 QFII investment quotas […]
On 8 May 2019, the name of an offeror has been added to Ascent International Holdings Limited (Stock Code: 264).
From 3 May 2019, a new offer period has commenced for China Automation Group Limited (Stock Code: 569).