TNAG-0452-FCO40-517-Legislation-for-employment-of-workers-in-Hong-Kong-1974 — Page 214

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(3) If the new owner offers to renew the

employee's contract of employment (with the

substitution of the new owner for the previous

owner) or to re-engage him under a new contract

of employment, but the employee refuses the

offer, subsection (2) or (3) of section 20D

(as the case may be) shall have effect, subject

to subsection (4), in relation to that offer

and refusal as it would have had effect in

relation to the like offer made by the previous

owner and a refusal of that offer by the

employee.

(4) For the purposes of the operation, in· accordance with subsection (3), of subsection (2)

or (3) of section 20D in relation to an offer

made by the new owner

(a) the offer shall not be treated as one

whereby the provisions of the contract

as renewed, or of the new contract,

as the case may be, would differ from

the corresponding provisions of the

contract as in force immediately

before the dismissal by reason only

that the new owner would be substituted

for the previous owner as the employer;

and