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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Hong Kong – SFC Takeovers Table Updated
On 15 January 2019, the offer period for Sinotrans Shipping Limited (Stock Code: 368) was closed.
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Canada – OSC Streamline Disclosures
On 14 January 2019, OSC consulted on actions to reduce regulatory burdens. Consulted Ontario market participants on ways to reduce the regulatory burden.By eliminating rules and requirements, that are outdated or unduly burdensome.Suggested AreasOperational changes, for rules that may have become outdated or unnecessary.Opportunities to streamline and improve disclosure that is provided to investors.Noted investors…
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