Exit strategies
HOME > PAST ISSUE > REPORTS [Premium content]November 2007
A tightened M&A regulatory regime is threatening the traditional exit routes favored by foreign investors
A tried and true method for taking Chinese companies public may no longer be at the disposal of foreign investors.
Round-tripping – whereby the owners of Chinese firms set up parallel offshore companies known as special-purpose vehicles (SPVs) along with foreign investors, usually with a view to an easier share sale abroad – is being blocked by progressively stringent mergers and acquisitions (M&A) rules.
This has left venture capital (VC) and private ...
Round-tripping – whereby the owners of Chinese firms set up parallel offshore companies known as special-purpose vehicles (SPVs) along with foreign investors, usually with a view to an easier share sale abroad – is being blocked by progressively stringent mergers and acquisitions (M&A) rules.
This has left venture capital (VC) and private ...
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