Greg Puff and David Lee Discuss Going-Private Transactions in Article Published by ASIAN-MENA Counsel
ASIAN-MENA Counsel has published the article “The inside track on China related going-private transactions” by Akin Gump Hong Kong office and Asia practice head Greg Puff and counsel David Lee.
The article discusses the practice of having companies listed in the United States with business operations primarily in China execute going-private transactions in which the founder or controlling shareholder acquires all of the shares of the company not owned by him and then delists the company. It focuses on going-private transactions involving listed companies incorporated in the Cayman Islands—a popular jurisdiction of incorporation for U.S.-listed Chinese businesses—and discusses why going-private transactions are attractive to potential purchasers, outlines the process for a typical going-private transaction and provides practical guidelines for avoiding legal pitfalls.
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