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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Hong Kong – SFC Takeover Table Updated

On 28 October, the SFC updated its Takeover table to reflect the following: offer period commenced for Jiayuan Services Holdings Limited (stock code: 1153) effective 27 October offer period closed for China Evergrande New Energy Vehicle Group Limited (stock code: 0708) effective 25 October Visit SFC Takeover Table  

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S Korea – FSS Overseas Risks, Takeover Issues

On 8 October 2024, SK FSS discussed overseas risks and takeover competition. SK FSS held an executive meeting on overseas risk factors and overheated takeovers. Follows SK FSS August 2024 held executive meeting re voting rights. SK FSS issued alert on tender offers re listed firms on the same day. Meeting Highlights Regarding recent Middle […]

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S Korea – FSS Takeover of Listed Companies

On 4 October 2024, SK FSS warned against takeover of listed companies. SK FSS held an internal meeting to discuss issues re takeover of listed companies. Overview of Meeting SK FSS Governor stressed the need to monitor excessive competition in the process of takeover of listed companies, which may cause market instability and distrust. Required […]

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