In the midst of a hostile bidding war for Chinese state-owned shares, listed on an overseas stock exchange, a multinational company needed clarification on the approval process in order to go forward with the transaction.

Objective

Clarify the approval process and recommend the appropriate next steps.

Strategy

Communicate directly with the relevant authorizing ministries and determine the best course of action.

Provide the multinational company with a “road map” of the approval process required for the purchase

Results

According to the “road map,” the multinational company initiated its purchase and successfully acquired the state-owned enterprise.