Hong Kong Fines for Takeover Breaches
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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
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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.…
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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.…
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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
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Brazil – CVM Public Acquisition / Takeover Offers
On 29 October 2024, BRZ CVM published Resolution 216 and Resolution 215 re the issuance of public share acquisition / takeover offers and the introduction of simpler procedures. 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…
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