On 9 May 2023, SK GVT proposed to revise foreign investment rules. SK GVT proposed to revise the Enforcement rules of foreign investment promotion act. Amendments aim to simplify documents required for reporting foreign investment. Amendments Create a simplified investment overview form, which consists only of matters required when reporting foreign investment using unappropriated earned […]
On 9 May 2023, UK FB issued response to UK Treasury short selling plans. UK FB issued response to UK Treasury’s paper seeking evidence on short selling regime. Follows UK Treasury December 2022 call for evidence on short selling rules. UK FB Response UK FB considers call for evidence represented opportunity for short selling to […]
On 9 May 2023, Rulefinder alerted subscribers to new temporary short selling ban in S Korea. Short selling ban will be effective 10 May 2023.
On 4 May 2023, TAI PRL reported Securities and exchange act passing 3rd reading. After the revision, no matter whether it is alone or in name of others/spouse/children with total substantial shareholding more than 5% shares of listed company, it must be disclosed. Further disclosure is required for every 1% increase in shares of the […]
Norway FI Fines 6 Companies for Illegal Short Selling
On 2 May 2023, FR CMP announced in-depth investigation of acquisition. FR CMP announced an in-depth investigation re takeover of Smartbox by Wonderbox. Acquisition’s Parties Wonderbox group notified its plan to acquire the Smartbox group on Mar. 24, 2023. The buyer, the simplified joint-stock company Wonderbox, is controlled exclusively by the company W Group and […]