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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Thailand – TSC Major Shareholder
On 12 November 2018, Thailand TSC refined definition of major shareholder. Amended the definition of major shareholders so "Number of shares with voting rights" means the "number of voting rights" from this date to improve clarity. "Major Shareholder" means a person who holds shares in a securities company, whether directly or indirectly, more than 10%…
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Hong Kong – SFC Major Shareholding Announcement
One 30 October the SFC announced a high concentration of shareholding in Furniweb Holdings Limited (Stock Code: 08480)
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China – SZSE Major Shareholding, Repurchase
On 16 October 2018, SZSE issued shareholding increase, repurchase guides. Issued Announcement Format of Shareholding Increase Plan and Implementation of Major Shareholders, Directors, Supervisors, Senior Executives of Listed Companies. Refined disclosure requirements on subject, content, and implementation status of shareholding increase where a shareholding increase plan is voluntarily disclosed. Also the Announcement Format of Share…
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