Legal basis: Measures for the Administration of Acquisition of Listed Companies
Article 4 The acquisition of listed companies and the changes in the rights and interests of related shares shall not endanger national security and social public interests. The acquisition of listed companies and related changes in share rights and interests involve national industrial policies, industry access, transfer of state-owned shares and other matters. If it is necessary to obtain the approval of the relevant state departments, it shall be carried out after obtaining the approval.
Foreign investors engaged in the acquisition of listed companies and related changes in share rights and interests shall obtain the approval of relevant state departments, apply the laws of China, and submit to the judicial and arbitration jurisdiction of China.
Article 5 A purchaser may become the controlling shareholder of a listed company through the acquisition of shares, become the actual controller of the listed company through investment relations, agreements or other arrangements, or obtain the control right of the listed company through the above ways and means.
Buyers include investors and others acting in concert with them.