On 30 May 2025, the SFC updated its Takeover table to include the following: offer period for Soundwill Holdings Limited (Stock Code: 0878) closed on 23 May 2025.
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Australia – ASIC Fines for Systematic Short Selling
On 14 May 2025, ASIC announced that it is suing Macquarie Securities (Australia) Limited (MSAL), alleging it misreported millions in short selling for over 14 years. alleges that between 11 December 2009 and 14 February 2024, MSAL failed to correctly report the volume of short sales by at least 73 million ASIC estimates this could…
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Taiwan – FSC Amended Rules re Short Selling
On 26 May 2025, TAI FSC, TAI Justice stipulated rules under Securities and exchange act, Standards governing eligibility of securities for margin purchase and short selling. In addition, TAI FSC stipulated rules for the amount limits, periods, financing ratios, and margin percentages for margin purchases and short selling in securities trading. Following reversion of intraday…
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China – CB, CHI SAFE Foreign Listing Funds Re: Shareholding
On 23 May 2025, CHI CB, CHI SAFE proposed measures re overseas listing. CHI SAFE, CHI CB proposed Notice on issues concerning management of funds for overseas listing of domestic enterprises, to facilitate cross-border financing for firms. Background CHI CSRC has transitioned from approval-based to filing-based regime for overseas listings and full circulation of H-shares;…
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U.K. – Gov’t State-owned Investment Limits Re: Media
On 15 May 2025, the UK parliament announced plans to introduce a 15% cap (share or voting) threshold for state-owned investment (SOI) by foreign states in UK media. attempts to balance investment against foreign state influence or control SOI includes sovereign wealth and public pension or social security schemes
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Philippines – CB Rural Bank of San Juan Banned Re: Takeover
On 16 May 2025, PHI DEP announced that depositors of the closed Rural Bank of San Juan (Southern Leyte) have until 29 May 2025 to file their deposit insurance claims. Under the PHI DEP charter, depositors are given two years from the bank's takeover (on 29 May 2023 as detailed above) to file deposit insurance…
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