On 14 March 2026, the SFC updated substantial shareholding notices and the Takeover Table with the following: Substantial Shareholding in Modern Chinese Medicine Group Co., Ltd. (Stock Code: 01643) and, an offer period has commenced for Somerley Capital Holdings Limited (stock code: 08439) from 13 April 2026.
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U.S. Falls from Top Three in Global Shareholding Disclosure Sanctions
In March, we conducted a review of the 2025 sanctions imposed on entities for failures to comply with Global Shareholding regimes: Major Shareholding, Short Selling, Takeovers, and Sensitive Industries. Read the full article.
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S Korea – FSS Guidance on Substantial Shareholding Disclosure
On 30 March 2026, SK FSS guided on equity transaction-related disclosure. SK FSS guided on disclosure of equity transactions and short-term capital gains. Guidance When an unlisted firm goes public, it should pay attention to the reporting type, deadline, criteria; securities convertible into stock are subject to equity disclosure. The reasons for the occurrence of…
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S Korea – FSS Substantial Shareholding Disclosure Booklet
On 19 March 2026, SK FSS updated a booklet on substantial shareholding disclosure. SK FSS issued a booklet on the shareholding disclosure system updated in December 2025. Outline of Updates The booklet reflects amendments to laws/regulations and institutional improvements, and addresses difficulties in compliance with reporting requirements. For this publication, the KOSDAQ Listed Companies Association…
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Australia – ASIC Ownership Transparency, Substantial Shareholding
On 10 March 2026, AST ASIC proposed to enhance beneficial ownership disclosure. AST ASIC issued consultation paper 387, enhanced beneficial ownership disclosure-proposed legislative instrument, form and guidance (CP 387). Aims to respond to reforms in schedule 1 of the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (amending act). Follows AST GVT…
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Japan – METI Fair Takeover Guide Review
On 3 February 2026, JPN METI said it will reconvene fair takeovers study group. JPN METI said it will reconvene the Study Group on Fair Takeovers, to review necessary updates on the Guidelines for corporate takeovers issued on 31 August 2023. Follows JPN METI August 2023 issued action guide for corporate takeovers. Background The purpose…
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