4 August 2025 – US SEC Issues Cease and Desist Order for Short Selling Failures
US SEC Issues Cease and Desist Order for Short Selling Failures
Australia – Takeover Panel PointsBet Takeover Case
On 30 July 2025, AST Takeover Panel said PointsBet lodged application re takeover. AST Takeover Panel it received an application from PointsBet Holdings Ltd (PointsBet) re its affairs and President of AST Takeover Panel has made interim orders in response to an application for interim orders from PointsBet; PointsBet is facing competing bids. Namely, a […]
Hong Kong – SFC Updated Takeover Table
On 1 August 2025, the SFC updated its Takeover table to include the following: new offer period has commenced for Joy City Property Limited (stock code: 0207) from 31 July 2025.
1 August 2025 – Austria FMA Fines for Late Substantial Shareholding Reporting
Austria FMA Fines for Late Substantial Shareholding Reporting
Sri Lanka – CSE Outlines CCP Framework for Equity Transactions, RE: Short Selling
On 27 July 2025, SRI CSE outlined CCP framework implementation for equity transactions re, short selling. CCP framework uses novation process where CSE Clear becomes buyer to every seller and seller to every buyer, eliminating counterparty risk and guaranteeing settlement completion even if one party defaults. CSE Clear employs margin methodology including base margin requirements […]
NZ – CC on Viridian NZ Bidco Takeover
On 25 July 2025, NZ CC wrote regarding potential competition concerns. NZ CC said it will issue a Statement of issues on Viridian NZ Bidco Ltd’s proposed acquisition of Metro Performance Glass Ltd (Metro) re potential competition concerns. Proposal is to acquire up to 100% of the shares in Metro by way of a takeover […]