On 30 June 2025, the SFC issued its Takeover Bulletin issue No. 73 Highlights: Treatment of right-of-use assets for Rule 11.1(f) Reminder to liquidators on disclosure obligations Talks announcement in a competitive situation Quarterly update on activities of Takeovers Team
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U.S. – DoJ Bank Takeover and Identity Theft
On 17 June 2025, DoJ reported charges on identity theft and bank fraud. DoJ reported a 17-count indictment against Ahmad Nassar and Ayman Alaaraj. Brothers-in-law indicted for bank takeover scheme and aggravated identify theft. Allegations Defendants used SIM swapping to hijack elderly victims’ accounts and bypass security. Over $794,000 was stolen through unauthorized transfers and…
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Poland – FSA Decison on PPK Takeover
On 17 June 2025, POL PPK advised that following POL FSA's decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK…
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Brazil – CVM Postpones Changes to Takeover, Shareholding
On 18 June 2025, BRZ CVM published Resolution 230, to postpone effective date until 1 October 2025. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a result of Public Hearing 05/23, re public share acquisition. The main…
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Hong Kong – SFC Updated Takeover Table
On 16 June 2025, the SFC updated its Takeover table to include the following: offer period for UTS Marketing Solutions Holdings Limited (Stock Code: 6113) closed on 13 June 2025.
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Hong Kong – SFC Updated Takeover Table
On 12 June 2025, the SFC updated its Takeover table to include the following: offer period for UBA Investments Limited (Stock Code: 0768) closed on 11 June 2025.
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