On 23 May 2019, OMN CMA issued takeover and acquisition regulation. Issued administrative decision issuing the Takeover and Acquisition Regulation for public joint stock companies listed on the Muscat Securities Market (MSM). Published in Official Gazette on May 19 pursuant to Art. 7 of Capital Market Law. Key Points Regulation aims to regulate takeover and…
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Hong Kong – SFC Takeovers Table Updated
From 22 May 2019, a new offer period has commenced for Sheng Yuan Holdings Limited (Stock Code: 851).
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 22 May 2019, the SFC issued a notice of high concentration of shareholding in ZZ Capital International Limited (Stock Code: 08295).
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Qatar – Exc Foreign Ownership Limit
On 14 May 2019, QAT Exc amended foreign ownership limit in two firms. Qatar Central Securities Depository modified the foreigners’ ownership limit of Qatar International Islamic Bank to be 49% of capital, which is equal to 74,170,687 shares. Qatar Central Securities Depository amended foreign ownership percentage of Qatar Islamic Insurance Group to become 49% of…
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Hong Kong – SFC Takeovers Table Updated
On 16 May 2019, the offer period for Qianhai Health Holdings Limited (Stock Code: 911) closed.
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Brazil – CVM Takeover Bids Changes
On 10 May 2019, CVM proposed changes to rules on takeover bids. Consultation on amendments to CVM Instruction 361 on tender offer procedures. Key Changes The instruction relates to tender offers for publicly held company shares (OPA). Changes limited in scope, seek to take into account experience in actual cases. Re submission of OPA by increasing…
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