On 8 February 2025, CHI CSRC said it imposed a fine of RMB 6.1mn on Hehe Futures Co Ltd (Hehe) and revoked the futures business license of Hehe on 5 February 2025. Hehe failed to perform its management responsibilities for its subsidiary Hehe Asset Management (Shanghai) Co., Ltd, resulting in a major risk event in…
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Hong Kong – SFC Takeover Table Updated
On 8 February 2025, the SFC updated the Takeover Table new offer period commenced for Enviro Energy International Holdings Limited (stock code:1102) from 6 February 2025.
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Hong Kong – SFC Takeover Table Updated
On 4 February 2025, the SFC updated the Takeover Table The takeover offer period for VCREDIT Holdings Limited (Stock Code: 2003) closed on 3 February 2025.
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U.S. – DOJ Blocks Juniper Networks $14B Takeover by HP
On 30 January, the DOJ issued a complaint to block the takeover of Juniper Networks by HP Enterprises. HPE and Juniper are the second- and third- largest providers, respectively proposed transaction would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, diminish choice for scores of American businesses and institutions, in violation of…
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Hong Kong – SFC Updated Takeover Table
On 27 January 2025, the SFC updated the Takeover Table A new takeover offer period has commenced for Howkingtech International Holding Limited (stock code: 2440) from 24 January 2025 A new takeover offer period has commenced for China ZhengTong Auto Services Holdings Limited (stock code: 1728) from 26 January 2025
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Denmark – FSA Executive Order on Takeover Bids
On 20 January 2025, DEN FSA consulted on draft executive order on takeover bids. Order previously subject to consultation from 8 January 2024 to 20 February 2024. Amended draft incorporates further changes due to the adoption of the Omnibus Directive and the EU reg on European points of single contact (ESAP). Publication of order postponed…
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