On 3 March 2025, PAK SEC notified that all unlisted firms newly incorporated from 3 March 2025 shall hold and issue shares in book-entry form only, not in physical form. The notification specifies CDS-issued documents, relevant returns on the prescribed form notifying detail of changes in shareholding that the unlisted firms must attach. PAK SEC…
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Luxembourg – CB FDI Investment Data RE: Shareholding
On 3 March 2025, LUX CB issued circular letter on FDI data collection. LUX CB issued circular letter ST.25-0026 on foreign direct investment (FDI) survey. Also published the documents on survey and guide on foreign direct investment 2024. Composed of 4 questionnaires including questionnaire 1 general information; questionnaire 2 shareholding; questionnaire 3 holdings; questionnaire 4…
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Hong Kong – SFC Updated Takeover Table
On 6 March 2025, the SFC updated the Takeover Table offer period for China National Building Material Company Limited (Stock Code: 3323) closed on 5 March 2025.
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South Korea – Takeovers: Mandatory Bids
On 4 March 2025, Nextrade, a new Alternative Trading System (ATS) commenced operations. shares acquired on the new ATS are also excluded from the tender offer / mandatory takeover rule this follows the amendment to the Capital Market and Financial Investment Business Act FSC press release can be found here (Korean).
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Hong Kong – SFC Updated Takeovers Table
On 3 March 2025, the SFC updated the Takeover Table offer period has commenced for OneConnect Financial Technology Co., Ltd. (stock code: 6638) from 3 March 2025 name of an offeror has been added to Anacle Systems Limited (stock code: 8353)
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Poland – Gov’t Non-Public Company Shares Re: Shareholding
On 25 February 2025, POL GVT issued a draft of commercial company code changes. POL GVT published a Draft act amending the Commercial Companies Code and certain other acts, coordinated by the Minister of Justice, on changes to shareholding rules. Follows POL GVT September 2019 amended the code on shareholder registers. Draft Overview The Act…
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