Hong Kong takeovers code: Chasing shadowsBy Howard Burchfield
Previously, “voting rights” was defined under the Takeovers Code as voting rights currently exercisable at a general meeting of a company, whether or not attributable to the share capital of the company. The phrase “currently ex...
The Hong Kong Securities and Futures Commission (the SFC) launched a consultation on proposed amendments to the Codes on Takeovers and Mergers and Share Buy‑backs (the Codes). The consultation paper, published on 19 May 2023, aims to update the Codes to reflect the SFC’s current practice...
The Situation:Certain provisions of the current Codes on Takeovers and Mergers and Share Buybacks of Hong Kong (the "Codes") may cause confusion to companies and relevant stakeholders in complying with the Codes. There are also various existing practices which are not codified. In...
We advise on public takeovers in Hong Kong, including compliance with the requirements of theHong Kong Takeovers Code, private company acquisitions and disposals in Hong Kong, the PRC and other jurisdictions, transaction structuring, due diligence, private equity and venture capital investments and div...
On 21 September 2023, the Hong Kong Securities and Futures Commission (“SFC”) published the consultation conclusions (the “Conclusions”) on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (the “Codes”). The Conclusions related to the propos...
Hong Kong Code on Takeovers and Mergers 香港企业购并法则企业购并法则于1975年8月公布,并经数度修正,其目的系为企业购并提供指导,以确保企业少数股东于企业购并时,其权益获得应有的保障。企业购并法则的要点如下:(1)任何初次收购上市公司 Hong Kong Code on Share Repurchase 香港附买回股份法则附买回股份法...
Hong-Kong-Code-on-Takeovers-and-Mergers网络香港收购及合并守则 网络释义 1. 香港收购及合并守则 [8]《香港收购及合并守则》(Hong Kong Code on Takeovers and Mergers)对一致行动人做了如下规定.其所谓一致行动包 …journal.chinalawinfo.com|基于1 个网页©...
Takeovers Code. The three conditions to Rule 2.2, together, have the effect of making it more difficult for an offeror to use a delisting resolution to pressurise minority shareholders to accept a general offer. For Hong Kong incorporated companies, the right of compulsory acquisition arises when ...
1) Hong Kong Codes on Takeovers and Mergers and Share Repurchases(publication) 《香港公司收购、合并及股份购回守则》(刊物)2) Code on Takeovers and Mergers [Takeovers Code] 《公司收购及合并守则》(《收购守则》)3) Code on Share Repurchases [Share Repurchase Code] 《公司购回本身股份守则》(《...