Document background
The Share Acquisition Agreement is a fundamental document in corporate transactions under Hong Kong law, used when one party wishes to acquire ownership of a company through the purchase of its shares from existing shareholders. This agreement is essential for both private and public company transactions, though its specific terms may vary depending on the size and complexity of the deal. The document must comply with Hong Kong's legal framework, particularly the Companies Ordinance (Cap. 622) and Stamp Duty Ordinance (Cap. 117). It typically includes detailed provisions on purchase price mechanics, conditions precedent, warranties about the target company's business, indemnification provisions, and completion procedures. The agreement is particularly important in Hong Kong's dynamic business environment, where cross-border transactions are common and regulatory compliance is strictly enforced.
