Chinese Capital Market Takeover and Restructuring Guide | Buch | 978-90-411-3210-9 | sack.de

Buch, Englisch, 536 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 921 g

Chinese Capital Market Takeover and Restructuring Guide


Neuausgabe 2010
ISBN: 978-90-411-3210-9
Verlag: Wolters Kluwer

Buch, Englisch, 536 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 921 g

ISBN: 978-90-411-3210-9
Verlag: Wolters Kluwer


Although several useful entry guides to China for business investors have appeared in recent years, this is the first book to focus on a business strategy that is becoming increasingly important – and attractive – to businesses in China: the takeover and restructuring of a listed company. This practice orientated book has an additional value, moreover, in that it fully takes into account not only the relevant regulations, most of which were promulgated or updated from 2005 to 2010, but also the actual structures and procedures of nearly ninety announced deals, right up to September 2010. In unprecedented details, the author, an experienced MandA lawyer, describes China specific takeover and restructuring cases involving foreign investors as well as state-owned shareholders on the Shanghai Stock Exchange, the Shenzhen Stock Exchange and ‘ChiNext’. The presentation and analysis covers such elements as the following: the standard bids, such as tender offers, negotiated transfers, indirect takeovers and subscriptions for new shares; the special accesses available to a foreign investor such as qualifying as a ‘strategic investor’ or ‘qualified foreign institutional investor’ (QFII); the particular situations where ‘state-owned shareholder’ (SS) is involved or where a share exchange occurs, including where a foreign investor subscribes by injecting, or acquires indirectly via, its ‘onshore foreign invested enterprise’; the basic restructuring approaches of a listed company – public offering and private placement; and the full meaning and significance of the ‘substantial asset restructuring’ (SAR), which may be asset purchases, disposals or swaps, or the SAR in special cases – merger or separation deals. The author’s illustration of deal structures and step-by-step procedures, visualized in over 150 charts and checklists, gives the reader a clear path to follow through what can seem like a forbiddingly difficult process – a path rendered more secure by the deal histories presented. For companies with operations in China, or considering such operations, as well as professionals advising on these companies, this book is a goldmine of crucially valuable information and guidance. There is nothing else available that comes close to its authority or expertise in this area.

Chinese Capital Market Takeover and Restructuring Guide jetzt bestellen!

Weitere Infos & Material


List of Abbreviations List of Charts and Checklist List of Deals List of Key Regulations Introduction Part I Takeover Chapter 1 Tender Offer Chapter 2 Tender Offer with Delisting Purpose or Risk Chapter 3 Negotiated Transfer and Indirect Takeover Chapter 4 Exemption of Offer and the 2% Creeper Chapter 5 Change of Interests Part II Takeover in Particular Chapter 6 Transfer by State-Owned Shareholder (SS) Chapter 7 Strategic Investment by Foreign Investor Chapter 8 Takeover Involving Share Exchange Chapter 9 QFII Investment Part III Restructuring Chapter 10 Private Placement (Designated or Price Bidding) Chapter 11 Public Offering (Initial or Secondary) Chapter 12 Substantial Asset Restructuring (SAR) Chapter 13 Asset Purchase through Private Placement Chapter 14 Merger (by Absorption) and Separation (through IPOs) Index


Chengwei Liu
BA (National Taiwan Univ.), MBA (National Chengchi Univ., Taiwan), MPhil (Univ. of Cambridge)

Chengwei's PhD research is funded by the Taiwan Government, Cambridge Overseas Trust and the Fitzwilliam College Senior Scholarship. He is a teaching assistant for MBA classes at Cambridge Judge Business School. He also supervises undergraduate studies at Cambridge for various colleges. Chengwei worked as a consultant before he came to Cambridge. He has experiences in research methods such as statistical analysis, case studies, behavioural experiment, and agent-based simulation modelling. Chengwei is a regular reviewer for the Academy of Management, and is the associate editor for the Special Session on Qualitative Methods for Innovation Research, IEEE ICMIT 2008. He was elected as student representative at Cambridge Judge Business School in 2006-2008.

From October 2010, Chengwei will be a Junior Research Fellow at Jesus College Oxford, working with Professor Jerker Denrell at the Säd Business School.
Research Interests

Chengwei's PhD thesis centres on the notion, and popular usage, of luck. His principal research interests are fourfold: (1) the intellectual history of chance, serendipity and luck; (2) evolutionary theory and ecological rationality; (3) behavioural judgement and decision-making; and (4) the philosophy and history of science.



Ihre Fragen, Wünsche oder Anmerkungen
Vorname*
Nachname*
Ihre E-Mail-Adresse*
Kundennr.
Ihre Nachricht*
Lediglich mit * gekennzeichnete Felder sind Pflichtfelder.
Wenn Sie die im Kontaktformular eingegebenen Daten durch Klick auf den nachfolgenden Button übersenden, erklären Sie sich damit einverstanden, dass wir Ihr Angaben für die Beantwortung Ihrer Anfrage verwenden. Selbstverständlich werden Ihre Daten vertraulich behandelt und nicht an Dritte weitergegeben. Sie können der Verwendung Ihrer Daten jederzeit widersprechen. Das Datenhandling bei Sack Fachmedien erklären wir Ihnen in unserer Datenschutzerklärung.