Nov 22 2010, 04:50 PM
QUOTE(cherroy @ Nov 22 2010, 04:44 PM)
Yes, if taking asset & liabilities acquisition, more than majority vote aka >50%, done deal.
The company asset and liabilities aka entire business being sold off, and become a shelf company.
If privatise the company, then the hurdle is much higher and difficult.
SC has proposed amendment on asset & liabilities route, so that minor shareholders benefit can be protected, which is scheduled by next year, if not mistaken.
So if want to do, must before the amendment.
Asset & liabilities route can be a cheaper way to acquire a business/company instead of privatisation the entire company, aka you only need to get agreement from the major shareholders, as long as the major shareholders >50% stake.
The company asset and liabilities aka entire business being sold off, and become a shelf company.
If privatise the company, then the hurdle is much higher and difficult.
SC has proposed amendment on asset & liabilities route, so that minor shareholders benefit can be protected, which is scheduled by next year, if not mistaken.
So if want to do, must before the amendment.
Asset & liabilities route can be a cheaper way to acquire a business/company instead of privatisation the entire company, aka you only need to get agreement from the major shareholders, as long as the major shareholders >50% stake.
So complicatewhats the different between asset & liabilities acquisition and privatization?
Quote
If its was Asset & Liabilities take over, small fish can decide not to sell..........
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