Hong Kong – SFC Updated Takeover Table
On 15 July 2024, the SFC updated its Takeover Table. Offer period for Hing Ming Holdings Limited (Stock Code: 8425) commenced on 12 July 2024.
16 July 2024 – Sweden FI Fines for Substantial Shareholding Reporting Failure
Sweden Fines for Substantial Shareholding Reporting Failure
16 July 2024 – Sweden FI Fines for Substantial Shareholding Reporting Failure
Sweden Fines for Substantial Shareholding Reporting Failure
16 July 2024 – Sweden FI Fines for Substantial Shareholding Reporting Failure
Sweden Fines for Substantial Shareholding Reporting Failure
S Korea – GVT Overseas Start-Up Businesses
On 3 July 2024, SK GVT proposed revisions to define overseas start-ups. SK GVT proposed revisions to the Enforcement decree of the support for small and medium enterprise establishment act, to define overseas start-up businesses. Proposed Revisions Specify a requirement for substantive control for an overseas start-up as 30% or more of shareholding by Korean […]
China – CSRC Suspends Securities Lending
On 10 July 2024, the China Securities Regulatory Commission (CSRC) approved the suspension of refinancing of securities lending (used as part of short selling). Background: Securities Lending is when brokers borrow shares on behalf of their clients to initiate short selling. Existing refinancing contracts can be rolled over, but no later than 30 September. Effective […]