On 3 July 2025, UK Takeover Panel consulted on share structures, IPOs, buybacks. UK Takeover Panel published public consultation paper (PCP 2025/9) on dual class share structures, initial public offerings (IPOs) and share buybacks. These proposed changes follow the FCA's changes to the Listing Rules in 2024. Summary of Proposed Changes on DCSS Takeover Code…
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Hong Kong – SFC Updates Takeover Table
On 3 July 2025, the SFC updated its Takeover table to include the following: offer period for Yunhong Guixin Group Holdings Limited (Stock Code:8349) closed on 2 July 2025.
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U.K. – Takeover Panel Assura Plc Decision
On Jun. 26, UK Takeover Panel issued decision on offer timetable definition. UK Takeover Panel issued decision in case of the takeover of Assura Plc by Sana Bidco Ltd. Case Summary On 9 April 2025, the Boards of Assura and Sana Bidco announced they had reached agreement on terms of recommended cash offer for the…
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Hong Kong – SFC Issues Takeover Bulletin
On 30 June 2025, the SFC issued its Takeover Bulletin issue No. 73 Highlights: Treatment of right-of-use assets for Rule 11.1(f) Reminder to liquidators on disclosure obligations Talks announcement in a competitive situation Quarterly update on activities of Takeovers Team
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U.S. – DoJ Bank Takeover and Identity Theft
On 17 June 2025, DoJ reported charges on identity theft and bank fraud. DoJ reported a 17-count indictment against Ahmad Nassar and Ayman Alaaraj. Brothers-in-law indicted for bank takeover scheme and aggravated identify theft. Allegations Defendants used SIM swapping to hijack elderly victims’ accounts and bypass security. Over $794,000 was stolen through unauthorized transfers and…
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Poland – FSA Decison on PPK Takeover
On 17 June 2025, POL PPK advised that following POL FSA's decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK…
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