Circular of the State Administration for Industry and Commerce and the Ministry of Commerce on the Issues concerning Foreign Investors' Establishing Foreign-Funded Advertising Enterprises through Equity Merger and Acquisition

Circular of the State Administration for Industry and Commerce and the Ministry of Commerce on the Issues concerning Foreign Investors' Establishing Foreign-Funded Advertising Enterprises through Equity Merger and Acquisition
Circular of the State Administration for Industry and Commerce and the Ministry of Commerce on the Issues concerning Foreign Investors' Establishing Foreign-Funded Advertising Enterprises through Equity Merger and Acquisition

Gong Shang Guang Zi [2006] No. 99

April 11, 2006

The administrations for industry and commerce and the commerce administrative departments of all provinces, autonomous regions, municipalities directly under the Central Government and cities directly under separate state planning,

According to the Provisions on the Administration of Foreign-funded Advertising Enterprises (Order No. 8 of the State Administration for Industry and Commerce and the Ministry of Commerce issued on March 2, 2004, hereinafter referred to as the Advertising Provisions) and the Interim Provisions on Foreign Investors to Merge Domestic Enterprises (Order No. 3 of the Ministry of Foreign Trade and Economic Cooperation, the State Administration of Taxation, the State Administration for Industry and Commerce and the State Administration of Foreign Exchange issued on March 7, 2003, hereinafter referred to as the Merger Provisions), we hereby make the following notices on the issues concerning foreign investors' establishing foreign-funded advertising enterprises through share right merger:

I.
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