On 13 August 2024, POL FSA announced that an application had been submitted for reconsideration of the substantial shareholding case against Perla – Browary Lubelskie SA the decision made on 15 July 2024. Penalties were imposed on Perla – Browary Lubelskie SA, based in Lublin. Fine of PLN 4mn has been imposed for violations of…
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S Korea – Tax Threshold Change for Major Shareholders
On 8 August 2024, SK Tax issued changes in threshold for substantial shareholding. SK Tax announced changes in tax reporting for major shareholders; the financial threshold for being classified as a major shareholder will increase to KRW 5bn. Announcement Affects those who have transferred stocks within H1 2024, subject to capital gains tax. Minor shareholders…
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6 August 2024 – Austria FMA Fines for Late Reporting of Substantial Shareholding
Austria Fines for Late Reporting of Substantial Shareholding
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Hong Kong – SFC Substantial Shareholding Disclosed
On 2 August 2024, the SFC publicly disclosed a substantial shareholding change in Migao Group Holdings Limited (Stock Code: 09879).
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Egypt – FRA Listing on Stock Exchange
On 23 July 2024, EGY FRA issued Decision No. 148/2024 amending Decision 11/2014. Document dated 23 July 2024, received from EGY FRA 28 July, summarized on 30 July. Article 7 bis re Shareholding Restrictions for Special Purpose Acquisition Companies required that company's issued and paid-up capital must not be less than 10 mn EGP. Company…
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16 July 2024 – Sweden FI Fines for Substantial Shareholding Reporting Failure
Sweden Fines for Substantial Shareholding Reporting Failure
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