Article 4 No units or individuals may break up into parts a project for which bid invitation is required by law or try to dodge bid invitation by any other means.

第四条任何单位和个人不得将依法必须进行招标的项目化整为零或者以其他任何方式规避招标。

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Analysts said the group is now looking even more vulnerable to a takeover bid, which could involve the break-up of the pub and hotel divisions.

BBC: News | The Company File | Tube station hotels plan