On 8 May 2019, CHI PRL prepared relevant rules for foreign investment law. China's Ministry of Commerce (MOF) is working with other authorities to prepare relevant rules to ensure successful implementation of the foreign investment law. Also reviewing and reorganizing regulations on foreign investment management. Will listen to comments or suggestions from foreign-invested enterprises, others.…
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 10 May 2019, the SFC reported a Substantial Shareholding in Bisu Technology Group International Limited (Stock Code: 01372).
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China – SAFE Foreign Investment
On 6 May 2019, CHI SAFE issued update on needs of foreign investors. In April 2019, the State Administration of Foreign Exchange approved 9 qualified foreign institutional investors (QFII) with their investment quotas totaling $4.2bn. Approved 5 RMB qualified foreign institutional investors investment of 9.7bn yuan. So far, a total of 13 QFII investment quotas…
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Hong Kong – SFC Takeovers Table Updated
On 8 May 2019, the name of an offeror has been added to Ascent International Holdings Limited (Stock Code: 264).
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Hong Kong – SFC Takeovers Table Updated
From 3 May 2019, a new offer period has commenced for China Automation Group Limited (Stock Code: 569).
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U.S. – SEC M&A, Takeover Disclosure
On 3 May 2019 SEC proposed simpler disclosure of business acquisition. SEC voted to propose rule amendments to improve information given investors, regarding acquisition, disposition of businesses, including real estate operations. Objectives Amendments aim to facilitate timely access to capital and lower compliance cost. Proposed amendments changing financial disclosure requirements in Rules 3-05, 3-14, and…
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