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Can Sino-Foreign Equity Joint Venture be transformed into Wholly Foreign-owned Enterprise?

April 26, 2017Enterprise equity foreign-owned Joint sino-foreign transformed venture wholly

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Can Sino-Foreign Equity Joint Venture be transformed into Wholly Foreign-owned Enterprise?

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AYes. After being unanimously resolved by the meeting of Board of Directors, the proposal of transformation shall be submitted to the original organ for approval according to pertinent regulations.