Hong Kong takeovers practice: do not take chain principle at face value - the Sino-Forest decision

A mandatory bid (or a mandatory general offer obligation) ("GO Obligation") will be triggered if a controlling block in a listed company ("Controlling Block") changes hands.

The chain principle summarised

Filed under:
China, Insolvency & Restructuring, Mayer Brown, Shareholder, Holding company
Authors:
Jeckle Chiu , Juliana M.S. Lee
Location:
China
Firm:
Mayer Brown