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Hong Kong - October 15 2010
An issuer that pursues an initial public offering (IPO) in the United States (US) would make sure it has carefully considered all of the accounting and tax implications of the issuance of any securities, including stock or options to employees, during at least the 12-month window before the filing of an IPO registration statement at a price that is substantially below the contemplated IPO price (often referred to as "cheap stock").
China - September 30 2010
Traditionally, international private equity houses making growth capital investments in Chinese businesses invest in an offshore holding company (often incorporated in the Cayman Islands) holding (often indirectly through other intermediate holding companies in the British Virgin Islands (BVI) and Hong Kong) Chinese subsidiaries (called wholly foreign owned enterprises or WFOE).
