On 7 February 2019, Thai SEC proposed improving rules for trading securities. Consulting on improving rules for reporting acquisition or disposal of securities and holding securities for business takeover in order to ensure greater clarity.Proposed changesThe seller and the purchaser of securities must submit a report on the acquisition or disposal of securities within five…
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Thailand – TSC Definition of Major Shareholding
On 30 January 2019, Thailand SEC also proposed a six-month transitional provision for businesses to apply for the approval for a person who is a major shareholder. Comments are open until Feb. 20, 2019.
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Hong Kong – SFC Substantial Shareholding Announcement
On 25 January 2019, SFC announced high concentration of shareholding in Hon Corporation Limited (Stock Code: 08259).
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Singapore – MAS Takeovers and Mergers
On 24 January 2019, MAS issued a revised code incorporating consultation feedback. Changes regard relief for shareholders who trigger a mandatory general offer and greater certainty for the market and safeguards for minority shareholders.The revisions take effect on 25 January 2019.
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Hong Kong – SFC Takeovers Table Updated
From 21 January 2019, a new offer period has commenced for New Sports Group Limited (Stock Code: 299).
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China – SAFE Increases Foreign Investment
On 14 January 2019, CSAFE increased total foreign institutional investor. In order to meet the needs of foreign investors to expand investment in market.Qualified foreign institutional investors increased from US$150bn to US$300bn.The QFII system is the earliest and most important institutional arrangement for China's capital market to open to the outside world, for foreign investors.From…
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