On 18 April 2019, the Securities and Futures Commission (SFC) has reprimanded and fined Nine Masts Capital Limited (Nine Masts) $1.2 million for failures relating to the short selling of Yuzhou Properties Company Limited (Yuzhou Properties) shares in May 2015.
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Hong Kong – SFC Criticizes for Breaches of Takeovers Code
On 10 April 2019, the Securities and Futures Commission (SFC) publicly criticized Kwok Tse Wah for breaching the dealing restrictions and dealing disclosure obligations under the Takeovers Code.
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Hong Kong – SFC Takeovers Table Updated
From 9 April 2019, a new offer period has commenced for Sage International Group Limited (Stock Code: 8082).
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U.K. – Takeover Panel Brexit Takeover Change
On 4 April 2019, UK TO Panel, committee issued amendments to takeover code. Take effect on exit day as per European Union (withdrawal) act 2018 section 20.
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 2 April 2019, the SFC reported a Substantial Shareholding in Xinchengyue Holdings Limited (Stock Code: 1755).
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Hong Kong – SFC Issues Takeovers Bulletin
On 28 March 2019, the SFC published Takeovers Bulletin Issue No. 48.
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