Protection Of Minority Shareholder Is Cornerstone Of The Takeover Of Modern Corporation

The remainder of this paper is structured as follows: Part 1 briefly presents a background of takeover law, including an introduction to china's securities market and a description of development of china's takeover law.Part 2 will focus on the information disclosure and transparency in stock market. Takeover law is concentrated on the protection of target shareholders from unjust treatment in hostile takeover by requiring information disclosure. The rules in this aspect seem well developed and largely settled down in essence at an international level.Part 3 is the cornerstone of the entire article, i.e. the protection of minority shareholder from unjust treatment, we must ensure fairness and justice in the course of takeover activities as well. This problem has been at the heart of the discussion of takeover laws and has received a wide range of practical and academic attentions, accordingly, the article will place its emphasis on this matter.