On 23 August 2024, the SFC issued a substantial shareholding notification. Substantial shareholding reached reportable threshold in GoFintech Innovation Limited (stock code: 00290)
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Germany – BaFin Fines for Substantial Shareholding Reporting Failure
On 20 August 2024, GE BaFin issued €1,600,000 fine to NBSH Acquisition for substantial shareholding reporting failure. GE BaFin imposed fines totaling €1,600,000 on NBSH Acquisition LLC on 27 May 2024. The company violated obligations of section 33(1) of the German Securities trading act (WpHG) by not submitting substantial shareholding notifications within the prescribed period.…
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Poland – FSA Fines for Substantial Shareholding Failures
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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