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| Circular of China Securities Regulatory Commission on the Relevant Issues Concerning the Conditions for the Listing of the Acquired Companies Involved in Tender Offers | | 中国证券监督管理委员会关于要约收购涉及的被收购公司股票上市交易条件有关问题的通知 |
(No.16 [2003] of China Securities Regulatory Commission) | |
（证监公司字[2003]16号） |
The securities exchanges of Shanghai and Shenzhen, and the listed companies: | |
上海、深圳证券交易所，各上市公司： |
In accordance with the relevant provisions of the Company Law, the Securities Law, and the Measures for the Administration of Acquisition of Listed Companies, the relevant issues concerning the conditions for the listing of acquired companies involved in tender offers are hereby notified as follows: | |
根据《公司法》、《证券法》及《上市公司收购管理办法》的相关规定，现就收购人要约收购所涉及的被收购公司股票上市交易条件有关问题通知如下： |
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1.Upon expiration of a tender offer, if the equity structure of the acquired company fails to meet the listing conditions provided for in the Company Law, and the acquirer aims at delisting the acquired company, the acquired company shall be delisted.
．．．．．． | | 一、要约收购的期限届满，被收购公司的股权分布不符合《公司法》规定的上市条件，且收购人以终止被收购公司股票上市交易为目的的，被收购公司的股票应当在证券交易所终止上市交易。
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