Tag Archives: Takeover

On 21 September 2023, HK SFC published consultation conclusions, adopted all proposals. Changes include revising the definitions of important terms, streamlining takeover processes to enhance efficiency and introducing green initiatives to reduce the carbon footprint. Amended codes will be gazetted on 29 September 2023 and then take effect immediately. Background: HK SFC proposed amendments to…

On 4 September 2023, TAI FSC published the proposed amendment of Regulations governing information to be published in public tender offer / takeover prospectuses. And Regulations governing public tender offers / takeovers for securities of public companies. Consultation is open until 3 November 2023.

On 1 September 2023, ARG CNV issued resolution on required procedures via GDE ARG CNV issued Resolution 974 regarding the filings that require use of remote procedures (TAD) through the Electronic Document Management System (GDE). Background Decree 1.063 of 2016 approved implementation of Remote Procedures Platform (TAD) via Remote Procedures module of Electronic Document Management…

On 31 August 2023, JPN METI issued action guide for corporate takeovers. JPN METI published the Guidelines for corporate takeovers, based on discussions at the study group on fair acquisitions, which was established in November 2022. Guidelines Describe principles, best practices to be shared for formation of fair rules regarding M&A, focus on how parties…

On 18 August 2023, PAK SEC proposed revision to listed companies rules. PAK SEC proposed amendments to the Listed companies (substantial acquisition of voting shares and takeovers) regulations, to establish a fair, transparent, and competitive framework for takeover transactions involving shares of listed companies. Document dated 18 August 2023, received from PAK SEC 21 August,…