Hong Kong – SFC Takeovers Table Updated
From 3 May 2019, a new offer period has commenced for China Automation Group Limited (Stock Code: 569).
U.S. – SEC M&A, Takeover Disclosure
On 3 May 2019 SEC proposed simpler disclosure of business acquisition. SEC voted to propose rule amendments to improve information given investors, regarding acquisition, disposition of businesses, including real estate operations. Objectives Amendments aim to facilitate timely access to capital and lower compliance cost. Proposed amendments changing financial disclosure requirements in Rules 3-05, 3-14, and […]
U. K. – CMA Paypal/iZettle Takeover
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 […]
Hong Kong – SFC Takeovers Table Updated
On 29 April 2019, the offer period for Yugang International Limited (Stock Code: 613) closed.
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]).
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).