Page 7 - Variable Interest Entity News Today

China tightens rules on foreign IPOs in new blow to tech firms Sorry, but your browser needs Javascript to use this site. If youre not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ China said its companies that hold the data of more than 1 million users must now apply for cybersecurity approval when seeking overseas listings, as regulators tighten oversight of the country’s tech giants. | AFP-JIJI BLOOMBERG Jul 10, 2021 China proposed ne...

The China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994 and make no reference to companies registered in places like the Cayman Islands, said the people, asking not to be identified discussing a private matter. Once amended, the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., the people said. The proposed change is ...

Chinese ride-sharing leader Didi Chuxing is preparing for what likely will be the year's largest initial public offering to hit the U.S. IPO market....UBER

Advertisement China Utility Model Patent Application Filings Up 29% in 2020; Foreign-Originated Chinese Invention Patent Application Filings Down 3% Saturday, May 8, 2021 In the newly released China National Intellectual Property Administration (CNIPA) 2020 Annual Report (国家知识产权局2020年度报告)  the number of invention patent applications filed in China in 2020 was 1.497 million, a year-on-year increase of 6.9%. Among them, there were 1.345 million domestic invention ...

Chinese Tech Stocks Plunge on Tighter Access to U.S. Markets Chinese companies looking to list overseas are contending with pressure from U.S. and Chinese regulators, with it impossible to satisfy both. May 07, 2021 | 08:00 AM EDT Chinese tech stocks dropped suddenly on Friday, with Chinese regulators considering tightening rules on overseas listings. Those changes, if they come, could also make life tougher for existing international listings or newly listed growth companies. The STAR ...

China mulls tighter rules for firms listing overseas Bloomberg China’s securities regulator is weighing tighter rules for companies seeking to list in Hong Kong or overseas, a move that could hit technology firms already smarting from months of clampdowns, people familiar with the matter said. The China Securities Regulatory Commission is considering proposals that would require firms seeking initial public offerings (IPOs) outside mainland China to submit listing documents to ensure they are...

The antitrust regulator in China has penalized some of its tech majors, including Tencent Holdings Ltd (OTC: TCEHY), Baidu ...

Tencent and Baidu join fellow behemoth Alibaba Group in coming under fire from the country’s powerful anti-trust regulator, as Beijing steps up efforts to rein in its once free-wheeling technology industry. “The message is clear that seeking government approvals in deals like these are a must,” said Ye Han, a partner at Beijing-based law firm Merits & Tree, who specialises in anti-trust. “While we haven’t seen cases where companies got broke up or mergers got unwinded, such evaluation...

ATLANTA, Ga., Jan 13, 2021 (SEND2PRESS NEWSWIRE) — Nocera, Inc. (OTC:NCRA) (“Company”) today announced that it has formally signed Variable Interest Entity (“VIE”) agreements with Xin Feng Construction Co. Ltd., (XFC) a Taiwan construction firm, and Shunda Feed Co., Ltd., (SFC) a Taiwan aquaculture feed firm resulting in 100% controlling interest in both companies. Pursuant to the Share Exchange Agreement, the Company exchanged a total of 1,000,000 shares of restricted stock for 100% ...

ATLANTA, Ga., Jan 13, 2021 (SEND2PRESS NEWSWIRE) — Nocera, Inc. (OTC:NCRA) (“Company”) today announced that it has formally signed Variable Interest Entity (“VIE”) agreements with Xin Feng Construction Co. Ltd., (XFC) a Taiwan construction firm, and Shunda Feed Co., Ltd., (SFC) a Taiwan aquaculture feed firm resulting in 100% controlling interest in both companies. Pursuant to the Share Exchange Agreement, the Company exchanged a total of 1,000,000 shares of restricted stock for 100% ...