At present, foreign investors actively choose to merge the leading Chinese enterprises and take over the Chinese share in joint-venture business, which means they can not only terminate their present and potential competitors, but also acquire bigger market share and meanwhile save 3 - 5 years' time for investing new project.
Mofcom released provisions on Merger and Acquisition of Domestic Enterprises by Foreign Investors' (Full text in Chinese) on Aug. 8, 2006. The new regulation has become effective on September 8, 2006 in replacement of the existing 2003 Tentative Provisions. In the regulation, it's the first time to define the exchange-offer process. Share swapping is approved in lieu of cash payment in takeovers by foreign firms. The newly issued Regulations is expected to well-supervise, and to prevent domestic assets loss toward offshore company.
Speakers:
Session 1 Buying into China, by Mr. Cao Ping, Chongqing Senswins Law Firm
Session 2 General M&A issues investing in China, by Michael Jiang & Frank Zhu, KPMG
Agenda
6:30pm - 7:00pm Registration and networking
7:00pm - 8:00pm - Presentation
- Q & A
From 8:00pm Dinner