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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