CHINA Law and Practice Contributed by: Bing Zhai, Commerce & Finance Law Offices
of underperforming business units to improve financial performance. 11.3 Interference With Completion Activists in China rarely interfere with announced transactions, but they may challenge deals if they believe the terms are unfavourable to share- holders. For instance, activists may question the valuation or strategic rationale of a proposed transaction, and they may seek to influence the outcome through shareholder votes or public campaigns. In extreme cases, activists may resort to litigation to block or renegotiate a deal.
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