On 17 May 2024, NLD ACM said more investigation needed into takeover. NLD ACM informed that more investigation is needed into the takeover of RTL by DPG. Follows NLD ACM January 2023 rejection of RTL takeover of Talpa. Main Concerns The acquisition would create a media company with a wide range of television, video streaming, […]
On 21 May 2024, the SFC updated the takeover offer tables. Takeover Offer period for Tonking New Energy Group Holdings Limited (Stock Code: 8326) closed. Takeover Offer period for Holly Futures Co., Ltd. (Stock Code: 3678) closed. Takeover new offer period has commenced for Hong Kong Technology Venture Company Limited (stock code: 1137) from 22 […]
On 14 May 2024, AST GVT registered an amendment and repeal instrument. AST GVT registered ASIC corporations (amendment and repeal) instrument 2024/229. As per explanatory statement, it repeals instruments which no longer have any legal effect, but would otherwise continue to be identified as in force until their sunset date. Repeals The instrument repeals ASIC […]
On 10 May 2024, UK FCA reported on sentencing hearing at Southwark Crown Court. Stuart Bayes was sentenced to 18 months’ imprisonment, suspended for 2 years. Also given Rehabilitation Activity Requirement of 35 days, must carry out 150 hours of unpaid work; Judge said Bayes deliberately and dishonestly probed for information on when the takeover […]
On 9 May 2024, POL UOK issued new clarifications on investment control regulations. Purpose of regulations was to protect against takeover of Polish companies important for public order, safety or health by entities from outside the EU, EEA and the OECD; the solution is modeled on regulations existing in other countries e.g. GE, FR, ITA. […]
On 30 April 2024, UK TO Panel issued revised code & practice statement 31. UK TO Panel published revised Takeover Code and amended Practice Statement 31. Follows UK TO Panel Dec. 2023, issued 14th edition Code/other updates. Takeover Code Revisions reflect amendments in Instrument 2023/4 (central counterparty recovery and resolution), Instrument 2024/1 (The Pensions and […]