On Apr. 30, UK CMA provisionally cleared Paypal/iZettle takeover. Follows Nov. 26, 2018 CMA concerns over takeover Paypal/iZettle. In phase 2 probe the CMA has provisionally cleared Paypal's completed takeover. Background Both companies provide mobile point of sale (mPOS) devices enabling businesses to take offline payments through a card reader connected to a smartphone/tablet. Both…
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Hong Kong – SFC Takeovers Table Updated
On 29 April 2019, the offer period for Yugang International Limited (Stock Code: 613) closed.
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Germany – Updated Substantial Shareholding FAQs
On 23 April 2019, BaFin issued an updated English version of the sections 33 et seq. and 48 et seq. of the German Securities Trading Act (Wertpapierhandelsgesetz [WpHG]).
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 24 April 2019, the SFC announced substantial shareholding in Champion Alliance International Holdings Limited (stock code: 01629).
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S Korea – KRX Issues Temporary Short Selling Ban
On 22 April 2019, there will be a temporary short selling ban on HARIM (KR7136480001) as reported by the KRX.
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Hong Kong – SFC Fines $1.2m for Naked Short Selling
On 18 April 2019, the Securities and Futures Commission (SFC) has reprimanded and fined Nine Masts Capital Limited (Nine Masts) $1.2 million for failures relating to the short selling of Yuzhou Properties Company Limited (Yuzhou Properties) shares in May 2015.
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