Key amendments to the Takeovers Code 1.Voting rights 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 sh...
The SFC is therefore proposing to amend Rule 5.1(c) of the Share Buy-backs Code to include Rule 3.8 as being one of the Takeovers Code Rules that apply to share buy-backs. The amendments will also include the new proposed Rule 3.9 in Rule 5.1(c) of the Share Buy-backs Cod...
SFC Applies Takeovers Code to Hong Kong Listed REITs and Enhances Market Conduct Regulation for Listed Collective Investment SchemesMilton W. M. ChengJason See Wei Ng
文档标签: Takeover Code_HKSFC3527_1489_VER10 系统标签: takeover code takeovers repurchases codes mergers THECODESONTAKEOVERSANDMERGERSANDSHAREREPURCHASES©Securities&FuturesCommissionFirstpublished1992PublishedbySecuritiesandFuturesCommission8thFloor,ChaterHouse8ConnaughtRoadCentralHongKongTel:(852)28409222Fax:(...
Rule 2.2 of the Takeovers Code requires that a shareholders’ resolution to delist from the Hong Kong Stock Exchange must: be approved by at least 75% of the votes of disinterested shareholders; not be voted against by more than 10% of disinterested shares; and ...
9. Each of the Rule 3.7 Announcement, the Refresher Announcements and the Rule 3.5 Announcement contained a clear reminder to associates of Denway (as defined under the Takeovers Code) that they should disclose their dealings in Denway in accordance with Rule 22 of the Takeovers Code.Dec...
SFCamends takeovers and share buy-backs codes SFC HongKong Regulation time: 2023-09-25 13:18:30 views: 46775 SFCand ICAC conduct joint operation against suspected market manipulation syndicate and Restriction Notices issued by theSFCto six brokers to freeze client accounts ...
avoiding or contravening any of the market misconduct provisions or disclosure obligations or other laws, rules and regulations, such as the Codes on Takeovers and Mergers and Share Buy-backs and the Listing Rules; conducting unlicensed regulated activities; or involvement in fraud or other serious...
Such arrangements may facilitate the following types of misconduct by asset managers’ clients or other entities: (a) avoiding or contravening market misconduct provisions or disclosure obligations or other laws, rules and regulations, such as the C...
Having considered the recent market conditions, the Exchange believes that a reduction in the initial market capitalisation threshold will provide a more viable listing pathway for Special Technology Companies. The minimum initial market capitalisation required for Specia...