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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?
I have a question about business law. Do you know 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?
Yes, in the BOOT model project, after the assets have been transferred to the government, the shares of the SPC/SPV are transferred to the government as well. The general practice is that the government takes control of the shares and becomes the majority shareholder of the SPC/SPV.