(国家外汇管理局关于P境内居民通过境外特殊目的公司个融资...

《(国家外汇管理局关于P境内居民通过境外特殊目的公司个融资...》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、"LegalIssuesinPrivateEquityandListingsforChineseCompanies"MasonChing,LL.M.PrincipalMasonChing&Associates16October2008Speakers’ProfileMasonChingisthefounderofMasonChing&Associates.HeisqualifiedtopractiseinHongKongandEngland&WalesandholdsanLLMdegreewithdistinctioninte

2、chnologyandinvestmentlaws.HisexperienceisgainedinBaker&McKenzie.Hisexpertiseisinventureinvestment,PRCdirectinvestment,fundestablishment,securities,listing,takeoversandothercorporatefinancematters.ConvertibleLoanPreferenceSharesSeriesAorSeriesBConvertibleRedeemableVo

3、tingPreferenceWarrantsCommonSharesFormofPrivateEquityInvestmentBoardseatsVetorightsoncertainkeyactionsInformationrightsProfitguaranteeandpriceadjustmentWhentoconvertRightsofpreferredsharesTermsofinvestmentPre-emptiveRight/RightofParticipationRightofFirstRefusalCo-s

4、ale/Tag-alongDrag-alongAnti-dilutionDown-sidepriceprotection–FullRatchetsorWeighedAverageProtectiveProvisionsNon-competecovenantsfromcontrollingshareholdersPutbackoptionifIPOdoesnottakeplaceConfidentialityFounders’guaranteeFounders’provisionofsecurityFounders’indemn

5、ityProtectiveProvisionsVendorsaleatthetimeofIPOPlacingafterlock-upIssueofderivatives:warrants,exchangeable/convertiblebondRepurchasebyissuerPrivatePlacements/BlockTradeExit-IPORepurchasebyinvesteecompanyPutbacktofoundersTradesaleForcedtradesaleReversetakeoversLiquid

6、ationExit–AbortedIPOHongKongRegulatoryIssuesListingDecisionsConversionPrice“toxicconvertibles”Lock-upTargetSOEsPrivateEnterpriseStructureRedChipDirectInvestmentInvestingintoChinaInvestmentinlegalpersonsharesValuationApprovalprocessRestrictionsondisposalofpromoters’s

7、haresPRCCompanyLaw–sharesissuedbyacompanypriortothepublicofferingofsharesshallnotbetransferredwithinoneyearfromtheListingDateManagementbuy-outsInvestmentinHsharesDiscountonIPOPriceInvestingintoChina–HSharepotentialsPingAnInsurance(Group)CompanyofChinaLtd.(2005)Gold

8、manSachsandMorganStanleyinvestedin1994Dai-IchiMutualLifeInsuranceHSBCInsurancesubscribedfor10%equityinterest(legalpersonshares)in2002Legal