On 25 September 2024, SK FSS published Integrated short selling guideline. SK FSS formulated the Integrated short selling guideline to enable investors to verify the illegality of short selling and launched the customized investor support system. Follows SK FSC, FSS June 2024 launched short sale reform measures. Overview of Integrated Guideline The balance available for […]
On 30 September 2024, the SEC’s new reporting regime for SEC Schedule 13G becomes effective. Filings Deadlines: QIIs & Exempt Investors: 45 days after calendar quarter in which substantial shareholding exceeds 5%. Passive Investors: Within 5 business days after acquiring substantial shareholding of more than 5% [Rule 13d-1(c)]. Amendments: All 13G Filers: Within 5 business […]
Bloomberg reports that Sydney-based funds manager Platinum Asset Management has refused a takeover proposal from hedge fund Regal Partners Ltd. bid undervalued company at $359m offering from Regal Platinum’s board unanimously concluded that the proposed deal was “not in the best interest of Platinum shareholders,” at least “in its current form.” Platinum has struggled with outflows […]
On 23 September 2024, SEC reported settlement re public offering, short sale. SEC reported settled charges against Centerline Investment Management Limited, a Hong Kong, China-based investment adviser, for violating an SEC short selling trade rule. Purchased stock in public offering of securities for advisory client after effecting short selling in same stock for advisory client […]
On 25 September, the SFC updated its Takeover table to reflect the closure of offer period for Hang Pin Living Technology Company Limited (stock code: 1682). Effective Date: Takeover offer period closed on 24 September 2024.
On 17 September 2024, SEC charged 11 investment managers with major shareholding filing failures. SEC charges 11 investment managers with failing to report major shareholding. Two of the firms were also charged with failing to report large trader transactions. Involved Parties Orders filed against Ashton Thomas Private Wealth, LLC, Azzad Asset Management, Inc., Bulltick Wealth […]