M&A Regulations definition
Examples of M&A Regulations in a sentence
The Seller shall, within not more than 10 days from the date on which Seller's board of directors and/or shareholders assembly have approved the sale of the Purchased Assets pursuant to this Agreement, give notice to its creditors and release public announcement of the sale of the Purchased Assets contemplated under this Agreement in accordance with the provisions of the M&A Regulations and the publication costs of such notifications shall be borne by the Seller.
Seller shall notify its creditors and publish a notice of the proposed sale of the Assets in a newspaper with national circulation in accordance with the M&A Regulations.
The Parties shall jointly engage an authorized asset valuation institution or enterprise (the “Appraiser”) to undertake a valuation of the Assets in accordance with the M&A Regulations.
As a result, the Company was not and is not an “SPV” within the meaning of Section 39 of the New M&A Regulations and, consequently, the Company shall not be required under the New M&A Regulations to obtain the approval of the CSRC in connection with the consummation of the Transactions.
According to the New M&A Regulations, only overseas securities offerings/listings by SPVs require CSRC approval.
The Selling Shareholders and Priveco shall complete and file all necessary applications, permits and registrations required under the SAFE Circulars and the M&A Regulations in order to continue to give effect to the Transaction contemplated under this Agreement.
Therefore, the waiting period under the M&A Regulations will expire on September 13, 2007, unless terminated earlier or extended.
According to Section 39 of the New M&A Regulations, an “SPV” is an overseas company controlled directly or indirectly by PRC companies or individuals and formed for overseas listing purposes through acquisitions of PRC “domestic companies”.
According to Section 2 of the New M&A Regulations, “domestic companies” means domestic entities without foreign investments.
Changzhou ▇▇▇▇▇ Solar Energy Co., Ltd., 100% of the equity of which was acquired by the Company pursuant to a restructuring exercise (the “Acquisition”), subsequent to which it became a wholly owned subsidiary of the Company (the “PRC Subsidiary”), was a foreign-invested entity prior to the Acquisition and therefore was not a “domestic company” within the meaning of Section 2 of the New M&A Regulations.