Law Commons^™

In January 2007, Veolia Water, a world’s leading operator in water services, executed a share transfer agreement with competent departments of Lanzhou Municipal Government upon an international tender, paying RMB 1.71 billion in exchange for 45% stake in the Lanzhou Water Supply Company and forming a joint venture in Lanzhou, the capital of Gansu Province. Veolia Water indirectly obtained the right to supply water and provide wastewater treatment service in Lanzhou, as the newly established joint venture entered into a concession contract with the local government. This acquisition together with some similar acquisitions of water utilities by other foreign investors …

In September 2010, it was reported that relevant Chinese competent governmental authorities had managed to build consensus on the legal issues in connection with the listing of foreign companies on the international board of the China’s stock market (hereinafter referred to as “International Board”) according to one person close to the management personnel of the Shanghai Stock Exchange (hereinafter referred to as “SSE”). According to Geng Liang, chairman of SSE, the SSE has finished the preparations in techniques and trading rules for the International Board. We can clearly hear the footsteps of the International Board coming nearer and nearer.