Re: Q&A in connection with the requirements after the public announcement of material assets restructuring plan

 

 

上市公司公告重大资产重组预案后，如对重组方案进行调整，有什么要求？（2015年9月18日）

What are the requirements if a listed company adjusts the restructuring plan after it has already made public announcement of material assets restructuring plan? (September 18, 2015)

　　

答复：（一）股东大会作出重大资产重组的决议后，根据《上市公司重大资产重组管理办法》第二十八条规定，对于如何认定是否构成对重组方案的重大调整问题，明确审核要求如下：

Reply: (I) The general meeting of shareholders defines the requirements on approval and examination as follows pursuant to the provisions of Article 28 of the Measures for Management of Material Assets Restructuring of Listed Companies in respect of how to affirm whether a listed company significantly adjusts the restructuring plan after it make resolution of material assets restructuring:

 

1.关于交易对象For transaction parties

1）拟增加交易对象的，应当视为构成对重组方案重大调整。

To add transaction parties shall be deemed to constitute significant adjustment of the restructuring plan.

 

2）拟减少交易对象的，如交易各方同意将该交易对象及其持有的标的资产份额剔除出重组方案，且剔除相关标的资产后按照下述第2条的规定不构成重组方案重大调整的，可以视为不构成重组方案重大调整。

To reduce transaction parties may be not deemed to constitute significant adjustment of the restructuring plan, provided that each dealing party agrees to remove such transaction parties and the underlying assets share held by them out of the restructuring plan and in accordance with the provisions of article 2 below such reduction doesn’t constitute significant adjustment of the restructuring plan upon removal of relevant underlying assets.

 

3）拟调整交易对象所持标的资产份额的，如交易各方同意交易对象之间转让标的资产份额，且转让份额不超过交易作价20%的，可以视为不构成重组方案重大调整。

To adjust the underlying assets share held by transaction parties may be not deemed to constitute significant adjustment of the restructuring plan, provided that each dealing party agrees to transfer the underlying assets share among the transaction parties and such transfer share doesn’t exceed 20% of transaction pricing.

 

2.关于交易标的 For transaction object

拟对标的资产进行变更，如同时满足以下条件，可以视为不构成重组方案重大调整。

Intending to change the underlying assets may be not deemed to constitute significant adjustment of the restructuring plan provided that the following conditions are met at the same time.

 

1）拟增加或减少的交易标的的交易作价、资产总额、资产净额及营业收入占原标的资产相应指标总量的比例均不超过20%；

The transaction pricing, gross value of assets, net assets and operation revenue of the transaction object to be added or reduced shall not exceed 20% of the total corresponding index of original underlying assets;

 

2）变更标的资产对交易标的的生产经营不构成实质性影响，包括不影响标的资产及业务完整性等。

Change of underlying assets will not substantially affect the production and operation of the transaction object, including the integrality of the underlying assets and its business, etc.

 

3.关于配套募集资金 For supporting raising funds

1）调减或取消配套募集资金不构成重组方案的重大调整。重组委会议可以审议通过申请人的重组方案，但要求申请人调减或取消配套募集资金。

Reduction or cancellation of supporting raising funds does not constitute significant adjustment of the restructuring plan. The meeting of restructuring committee can approve the applicant’s restructuring plan through deliberation, but it will require such applicant to reduce or cancel the supporting raising funds.

 

2）新增配套募集资金，应当视为构成对重组方案重大调整。

Newly increasing supporting raising funds shall be deemed to constitute significant adjustment of the restructuring plan.

　

（二）上市公司公告预案后，对重组方案进行调整达到上述调整范围的，需重新履行相关程序。

(II)Where a listed company, upon public announcement of the restructuring plan, makes adjustment of the restructuring plan to the extent that such adjustment reached the said range, the listed company needs to re-perform relevant proceedings.

 

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