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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China – PRL Foreign Investment Law
On 8 May 2019, CHI PRL prepared relevant rules for foreign investment law. China's Ministry of Commerce (MOF) is working with other authorities to prepare relevant rules to ensure successful implementation of the foreign investment law. Also reviewing and reorganizing regulations on foreign investment management. Will listen to comments or suggestions from foreign-invested enterprises, others.…
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 10 May 2019, the SFC reported a Substantial Shareholding in Bisu Technology Group International Limited (Stock Code: 01372).
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China – SAFE Foreign Investment
On 6 May 2019, CHI SAFE issued update on needs of foreign investors. In April 2019, the State Administration of Foreign Exchange approved 9 qualified foreign institutional investors (QFII) with their investment quotas totaling $4.2bn. Approved 5 RMB qualified foreign institutional investors investment of 9.7bn yuan. So far, a total of 13 QFII investment quotas…
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