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Chinese Company and Securities Law/刘成伟(16)
16.4.1 The Approval Requirement 285
16.4.2 Pricing under the SPA 286
16.4.3 The Procedures of SS Shares Transfer through SPA 286
16.5 Indirect Transfer 292
16.5.1 Indirect Transfer of SS Shares 292
16.5.2 Particular Features of the Indirect Transfer of SS Shares 292
16.5.3 Procedures of the Indirect Transfer of SS Shares 293
16.6 Role of the Independent Financial Advisor (IFA) 295
16.7 Key Provisions at Issue 295
Chapter 17
Disclosure in the Takeover 297
17.1 Introduction and Latest Developments 297
17.2 Disclosure Reports in General 297
17.3 Disclosure Reports in Specific 299
17.3.1 Change of Interests Report 299
17.3.2 Takeover by Offer Report 301
17.3.3 Listed Company Takeover Report 302
17.4 Disclosure Procedures 302
17.4.1 Disclosure in the Trading on the Stock Exchange 302
17.4.2 Disclosure in the Takeover by Offer 303
17.4.3 Disclosure in the Takeover Through SPA 304
17.4.4 Disclosure in the Indirect Takeover 304
17.5 Concepts Critical to the Disclosure 308
17.5.1 Acting in Concert 308


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