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Business Law: What happens to the shares of the SPC/SPV after the assets have been transferred to the government in the BOOT model project? What are the general practices?
Is there a specific percentage of shares the government usually takes control of in these situations?
The percentage of shares that the government takes control of in these situations can vary depending on the specific project and agreements made between parties. However, it is common for the government to become the majority shareholder with at least 51% ownership.