DecisiononAmendingtheRelevantRegulationsonMaterialAssetsRestructuringandSupportingFinancingbyListedCompaniesPromulgationDate08-01-2011EffectiveRegionNATIONALPromulgatorChinaSecuritiesRegulatoryCommissionDocumentNoOrderoftheChinaSecuritiesRegulatoryCommissionNo.73EffectivenessTobeeffectiveEffectiveDate2011-09-01CategoryCorporateGovernance(CompanyLaw->CorporateGovernance)，Securities(SecuritiesFuturesLaw->Securities)DecisiononAmendingtheRelevantRegulationsonMaterialAssetsRestructuringandSupportingFinancingbyListedCompaniesOrderoftheChinaSecuritiesRegulatoryCommissionNo.73August1,2011TheDecisiononAmendingtheRelevantRegulationsonMaterialAssetsRestructuringandSupportingFinancingbyListedCompanieshasbeendeliberatedandadoptedatthe294thpresidentexecutivemeetingoftheChinaSecuritiesRegulatoryCommissiononApril27,2011,whichisherebypromulgatedandcomeintoeffectonSeptember1,2011.ChairmanoftheSecuritiesRegulatoryCommission:ShangFulinDecisiononAmendingtheRelevantRegulationsonMaterialAssetsRestructuringandSupportingFinancingbyListedCompaniesWithaviewtothoroughlycarryouttherelevantprovisionsoftheOpinionsoftheStateCouncilonPromotingEnterprises'MergerandRestructuring(GuoFa[2010]No.27),supportenterprisestocarryoutmergerandrestructuringbytakingadvantageofcapitalmarket,promotetheindustrialintegrationandindustryupgrade,furtherregulateandguidetheback-doorlistedactivities,improvethesystemsandregulationsonlistedcompanies'purchaseofassetsbymeansofissuanceofshares,encouragelistedcompaniestouseequity,cashandotherinnovativefinancingmethodstobethepaymenttermsofmergerandrestructuring,expandthefinancingresourcesofmergerand---本文来源于网络，仅供参考，勿照抄，如有侵权请联系删除---restructuringandenhancethemergerandrestructuringefficiency,therelevantmattersareherebydecidedasfollows:1Oneshallbeaddedimmediatelyafter11oftheMeasuresforAdministrationontheMaterialAssetsRestructuringbyListedCompanies(hereinafterreferredtoasthe"Measures")tobe12,statingthat"where,asofthedateofchangeofcontrol,thetotalassetspurchasedfromtheacquirerbythelistedcompanyaccountsapercentageofnotlessthan100%ofthetotalassetsattheendoftheauditedconsolidatedfinancialandaccountingstatementsoftheaccountingyearpriortothechangeofcontrolofthelistedcompany,thentheongoingoperationtimeoftheoperatingentitywhichtheassetspurchasedbythelistedcompanycorrespondtoshallbenolessthanthree(3)years,andthenetprofitofthelatesttwoaccountingyearsthereofshallbepositiveandaccumulatetoanamountofmorethanRMB20,000,000.Wheretheassetspurchasedbylistedcompaniesfallintothescopeoffinance,venturecapitalorotherparticularindustry,theChinaSecuritiesRegulatoryCommissionshallotherwiseprovide.Afterthecompletionofmaterialassetsrestructuringasprovidedintheprecedingparagraphs,listedcompaniesshallcomplywiththerelevantregulationsoftheChinaSecuritiesRegulatoryCommissiononthegovernanceandstandardizedoperationoflistedcompanies,beindependentfromcontrollingshareholder,actualcontrollerandotherenterprisestheycontrolledintermsofbusiness,assets,finance,personnelandorgans,andhavenocompetitionwithorunconscionableconnectedtransactionwiththecontrollingshareholder,actualcontrollerandotherenterprisestheycontrolled."2"Whencalculatingthepercentageasprovidedintheprecedingparagraph"asstatedin12oftheMeasuresshallbeamendedas"whencalculatingthepercentageasprovidedin11and12hereof".Ite,Par...