On 12 November 2024, DEN GVT promulgated Competition Act, LBK 1150 of 3 November 2024. With amendments from Act 2601 of 28 December 2021 and Act 638 of 11 June 2024. Act does not apply to mergers where a merger agreement has been concluded, a takeover offer has been published or a controlling share has…
Read more
15 November 2024 – Hong Kong Fines for Takeover Breaches
Hong Kong Fines for Takeover Breaches
Read more
Hong Kong – SFC Takeover Table Updated
On 12 November 2024, the SFC updated its Takeover table to reflect the following: takeover offer period closed for Shi Shi Services Limited (Stock Code: 8181) on 11 November 2024. Visit SFC Takeover Table
Read more
U.K. – Takeover Panel: Takeover Code Scope
On 6 November 2024, UK Takeover Panel following consultation issued response statement RS 2024/1, the individual responses received from the respondents to PCP 2024/1 and Instrument 2024/3, which makes the amendments to the Takeover Code set out in RS 2024/1. Amendments to the Takeover Code made by Instrument 2024/3 will take effect 3 February 2025.…
Read more
Thailand – SEC Proposes Takeover Rule Enhancements
On 1 November 2024, Thai SEC proposed improvements to takeover regulations. Thai SEC proposed update on takeover regulations to clarify, to align with international standards, reduce private sector burdens while maintaining regulatory oversight. Proposal Revises the responsibilities for takeover offers when acquiring shares directly or through legal entities, ensuring consistency in compliance and reporting duties.…
Read more
Hong Kong – SFC Takeover Table Updated
On 6 November, the SFC updated its Takeover table to reflect the following: offer period commenced for Hang Chi Holdings Limited (stock code : 8405) from 6 November 2024. offer period closed for Samson Holding Ltd (Stock Code: 0531) closed on 4 November 2024. Visit SFC Takeover Table
Read more