On 9 July 2024, the SFC updated its Takeover table. A new takeover offer period has commenced for S&T Holdings Limited (stock code: 3928).
Read more
E.U. – ESMA Guidelines on Short Selling Exemption
On 8 July 2024, EU ESMA published updated compliance table re guidelines on short-selling. Denmark, Germany, Spain, France, Ireland, Italy, and Sweden each comply with the majority of the short selling guidelines, and each jurisdiction sets out the rationale for this. The remainder of the EU member states and the EEA and EFTA states all…
Read more
Argentina – CNV Equitable Price in Takeovers
On 5 July 2024, ARG CNV issued consult on equitable price in takeover bids ARG CNV issued General Resolution 1007/2024, announcing consultation on adopting regulations on the determination of the fair price in public acquisition offers (OPA) (Takeover). Summary Consult on adoption of regulations on analysis of regulatory modification for OPA. Guidelines for determining fair…
Read more
S Korea – FSC, FSS, Fines for Several IBs for Illegal Short Selling
On 3 July 2024, SK FSC, SK FSS fined global IBs total of KRW 27.173mn. SK FSC, SK FSS said Securities and Futures Commission had decided to impose fines totaling KRW 27.173 against two former Credit Suisse affiliated investment banks. Follows SK FSS May 2024 discovered illegal short selling in 9 global IBs. Overview of…
Read more
Sweden – INS Seeks to Amend Laws on Foreign Direct Investment
On 26 June 2024, SWE INS announced it has approached government offices to seek amendments to the law on the review of foreign direct investments. Insurance and occupational pension companies should be exempted from the obligation to notify certain acquisitions to the Inspectorate for strategic products. SWE INS previously informed the Inspectorate for strategic products…
Read more
Hong Kong – SFC Updated Takeover Table
On 3 July 2024, the SFC updated its Takeover Table. Offer period for SciClone Pharmaceuticals (Holdings) Limited (Stock Code: 6600) is now closed.
Read more