On 12 November 2018, Thailand TSC refined definition of major shareholder. Amended the definition of major shareholders so "Number of shares with voting rights" means the "number of voting rights" from this date to improve clarity. "Major Shareholder" means a person who holds shares in a securities company, whether directly or indirectly, more than 10%…
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Taiwan – FSC Foreign Investment Insurance
On 6 November 2018, Taiwan FSC said draft measures completed pre-announcement procedures and no opinions were submitted, amendments will be released soon. Background On Aug. 14, Taiwan FSC amended foreign insurer investments. Raised quota limit for insurance industry investment in international board bonds. Relaxation of insurance foreign currency traditional policy reserve is not included. Open…
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Hong Kong – SFC Takeovers Table Updated
On 7 November 2018, a new offer period has commenced for Geotech Holdings Ltd. (Stock Code: 1707).
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U.K. – TO Brexit Takeover Changes
On 5 November 2018, UK TO Panel proposed Brexit amends to takeover code. Follows UK Treasury Jul. 2018 SIs amending retained EU provisions. Code Committee invites comments on the amendments proposed in PCP 2018/2. Legal Framework Section 2 of paper describes legislative framework within which the Code currently operates and changes which will be made…
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Hong Kong – SFC Takeovers Offer Tables Updated
The offer period for China High Speed Transmission Equipment Group Co., Ltd. (Stock Code: 658) was closed on 31 October 2018.
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Hong Kong – SFC Major Shareholding Announcement
One 30 October the SFC announced a high concentration of shareholding in Furniweb Holdings Limited (Stock Code: 08480)
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