Japan Fines for Late Substantial Shareholding Report
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6 June 2024 – Greece HCMC Fines for Late Substantial Shareholding Report
Greece Fines for Late Notification of Change of Substantial Shareholding
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Norway – Govt Changes to MiFID II, MiFID
On 3 June 2024, NOR GVT issued two EEA notes on the potential changes to both MiFID II and MiFIR, setting out the areas for consideration for changes to be made. On MiFID II, NOR GVT set out the change by introducing Directive 2024/790, of 28 February 2024 amending Dir 2014/65, on markets in financial…
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Hong Kong – SFC Takeover Table Update
On 3 June 2024, the SFC published the update on takeover table. Takeover offer period for Langham Hospitality Investments and Langham Hospitality Investments Limited (Stock Code: 1270) closed on 31 May 2024.
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U.K. Takeovers Get Short Sellers Caught Out
The Financial Times has reported that a slew of takeover bids in UK Companies has some hedge funds on the wrong side of short selling. Millennium, GLG, and Gladstone are a few hedge funds that were short selling UK companies that are now part of takeover bids. Takeover bids have sent the share price of…
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Hong Kong – SFC Updated Disclosure of Interest RE: Substantial Shareholding
On 24 May 2024, the SFC published a new version of its Outline of Part XV of the SFO - Disclosure of Interests document. related to substantial shareholding is paragraph 5.9 (Treasury Shares) of the Outline confirms that treasury shares remain part of a listed corporation’s issued voting shares must be included in the number of…
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