On 24 May, CHI CBIRC, CHI CB issued notice on bank takeover. Decided to take over management of Baoshang Bank for one year, due to serious credit risk, in order to protect the rights and interests of the bank customers. Takeover A takeover team was set up by relevant parties to take over the management.…
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Thailand – SEC Takeover Threshold
On 7 February 2019, Thai SEC proposed improving rules for trading securities. Consulting on improving rules for reporting acquisition or disposal of securities and holding securities for business takeover in order to ensure greater clarity.Proposed changesThe seller and the purchaser of securities must submit a report on the acquisition or disposal of securities within five…
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