{"id":230327,"date":"2020-04-28T17:26:34","date_gmt":"2020-04-28T09:26:34","guid":{"rendered":"http:\/\/charltonsnaturalresources.com\/mergers-and-acquisitions\/acquisitions-prc\/documentation-approval-process-and-timing\/"},"modified":"2020-05-11T12:36:51","modified_gmt":"2020-05-11T04:36:51","slug":"documentation-approval-timing","status":"publish","type":"page","link":"https:\/\/charltonsnaturalresources.com\/zh-hans\/mergers-and-acquisitions\/acquisitions-prc\/documentation-approval-timing\/","title":{"rendered":"\u6587\u4ef6\u3001\u5ba1\u6279\u6d41\u7a0b\u53ca\u65f6\u95f4\u5b89\u6392"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|desktop&#8221; admin_label=&#8221;ContentWrapper2&#8243; module_id=&#8221; &#8221; module_class=&#8221;content-wrapper2&#8243; _builder_version=&#8221;4.0.5&#8243; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;0px||0px|||&#8221; custom_padding_tablet=&#8221;50px|0|50px|0&#8243; custom_padding_phone=&#8221;&#8221; 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The time for obtaining the necessary approvals can range from several weeks to more than a year, even assuming that the approval authority has raised no issues during the approval process.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2><br>Non-Governmental Consents and Approvals<\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In the case of an acquisition, certain other non-governmental consents and approvals may be required before the transaction can be completed, including: the consent of the seller; consents and waivers from other shareholders; board approval; contractual obligations (for example, bank loans or security agreements may contain provisions requiring lender approval for any change of control of a borrower).<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>In the case of an asset acquisition, public announcements and creditor notifications will also be required. A domestic company selling its assets should notify its creditors and make a public announcement within 10 days of the date on which its board passes the relevant resolution to sell the assets. Any creditors will have the right to demand that the seller provide commensurate security. If the target company is to be dissolved pursuant to an asset transaction, all creditors should be notified within 10 days of receiving an initial approval reply from the approval authority, pursuant to the PRC liquidation and dissolution procedures.<\/p>\r\n<!-- \/wp:paragraph -->","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[37],"class_list":["post-230327","page","type-page","status-publish","hentry","category-ma-zh-hans","cat-37-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/pages\/230327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=230327"}],"version-history":[{"count":5,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/pages\/230327\/revisions"}],"predecessor-version":[{"id":230692,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/pages\/230327\/revisions\/230692"}],"up":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/pages\/230311"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=230327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=230327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}