Hong Kong – SFC Updates Takeover Table
On 3 July 2025, the SFC updated its Takeover table to include the following: offer period for Yunhong Guixin Group Holdings Limited (Stock Code:8349) closed on 2 July 2025.
Canada – CSA Publishes Business Plan, Includes Focus on Short Selling
On 27 June 2025, CSA NBW published the 2025-2028 CSA business plan. CSA NBW, CSA OSC, CSA ALB, CSA NVS, CSA BC, released the 2025-2028 business plan focused on enhancing competitiveness and advancing investor protection. Provided 4 strategic goals and specified other projects and initiatives to be completed. Strategic Goals Goals targeted capital markets, investors, […]
U.K. – Takeover Panel Assura Plc Decision
On Jun. 26, UK Takeover Panel issued decision on offer timetable definition. UK Takeover Panel issued decision in case of the takeover of Assura Plc by Sana Bidco Ltd. Case Summary On 9 April 2025, the Boards of Assura and Sana Bidco announced they had reached agreement on terms of recommended cash offer for the […]
Hong Kong – SFC Issues Takeover Bulletin
On 30 June 2025, the SFC issued its Takeover Bulletin issue No. 73 Highlights: Treatment of right-of-use assets for Rule 11.1(f) Reminder to liquidators on disclosure obligations Talks announcement in a competitive situation Quarterly update on activities of Takeovers Team
U.S. – DoJ Bank Takeover and Identity Theft
On 17 June 2025, DoJ reported charges on identity theft and bank fraud. DoJ reported a 17-count indictment against Ahmad Nassar and Ayman Alaaraj. Brothers-in-law indicted for bank takeover scheme and aggravated identify theft. Allegations Defendants used SIM swapping to hijack elderly victims’ accounts and bypass security. Over $794,000 was stolen through unauthorized transfers and […]
U.S. – SIFMA Short Selling SHO Reporting
On 5 June 2025, SIFMA issued letter urging short selling reporting extension. SIFMA issued letter to the SEC to request an extension of the compliance date for certain obligations of broker-dealers reporting to the Consolidated audit trail (CAT). Follows February 2025 SEC temporary exemption from short selling report. Document dated 5 June 2025, received from […]