On 27 June 2019, FR AMF announced amendments to general regulation. A decree of 19 June 2019, published in Official Journal of 21 June 2019, makes amendments to book II of general regulation on takeover bids and squeeze-out. Made pursuant to Article 75 I of Law No. 2019-486 of 22 May 2019 on growth and…
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 22 May 2019, the SFC issued a notice of high concentration of shareholding in ZZ Capital International Limited (Stock Code: 08295).
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Hong Kong – SFC Reports Substantial Shareholding Disclosure
On 10 May 2019, the SFC reported a Substantial Shareholding in Bisu Technology Group International Limited (Stock Code: 01372).
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Germany – BaFin Updates FAQs Relating to Major Shareholding
On 22 February 2019, BaFin issued a notice saying that it has updated its FAQ on transparency requirements relating to major holdings of voting rights.(available in the German language). In particular, following a judgement of the German Federal Supreme Court (BGH) published in November 2018, BaFin has changed its administrative practice with respect to acting…
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Thailand – TSC Definition of Major Shareholding
On 30 January 2019, Thailand SEC also proposed a six-month transitional provision for businesses to apply for the approval for a person who is a major shareholder. Comments are open until Feb. 20, 2019.
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Germany – BaFin Major Shareholding Update
On 13 November 2018 BaFin issued a version of the updated „Emittentenleitfaden“ on their website (German available; an English version is in progress). Please note, that the version of the updated „Emittentenleitfaden“ can still contain incorrect formatting and links, as the print version has not been finalized yet. In context of updating BaFin’s „Emittentenleitfaden“ the…
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