On 12 January 2026, the SFC updated the Takeover Table with the following: new offer period has commenced for LFG Investment Holdings Limited (stock code: 03938) from 9 January 2026.
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Switzerland – SECO Screen Foreign Investment
On 19 December 2025, SWI PRL announced it passed Lex China to control investments; screening law is intended to prevent takeovers that endanger public order or security. Background The Investment Screening Act requires pre-acquisition approval of a transaction if: a foreign state-controlled investor (includes legal entities directly/indirectly controlled by a foreign state body). Acquisitions by private…
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U.K. – Takeover Panel Minor Changes to Code
On 15 December 2025, UK TO Panel issued instrument and minor amendments. UK TO Panel issued minor amendments to Takeover Code, with instrument 2025/2. Changes do not materially alter effect of provisions so no consultation was needed. Amendments Rule 2.9 of the Code requires the offeree company, an offeror, and any publicly identified potential offeror…
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Hong Kong – SFC Updates Takeover Table
On 17 December 2025, the SFC updated the Takeover Table with the following: offer period for Twintek Investment Holdings Limited (Stock Code: 06182) closed on 16 December 2025; and new offer period has commenced for Centenary United Holdings Limited (stock code: 01959) from 16 December 2025.
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India – SEBI Share Acquisition, Takeovers
On 5 December 2025, IND SEBI published Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2025. The amendment regulations 2025 dated 3 December, 2025, amend regulation 2, 8 and 9 of the SEBI (substantial acquisition of shares and takeovers) regulations, 2011. Provides that valuer shall have the same meaning…
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U.K. – FCA Charges Two for Inside Dealing RE: Takeover
On 26 November 2025, UK FCA charged two individuals with insider dealing related to potential takeover news. The FCA started criminal proceedings against Bobosher Sharipov and Bekzod Avazov for insider dealing, Sharipov worked at investment bank Jefferies International Limited. Overview Advised GCP Student Living Plc (GCP) on potential takeover, charged with leaking inside information about…
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