Thursday April 22 2010
News Source: Global Disclosures
Focus: Takeover and Acquisition
Type: General
Country: Hong Kong
The Securities and Futures Commission of Hong Kong (SFC) has published a Hong Kong takeovers consultation paper on a proposal to stop commenting on routine announcements under the Codes on Takeovers and Mergers and Share Repurchases and proposed miscellaneous amendments to the Codes.
The proposal is aimed at making the Takeovers code more efficient as the SFC will relinquish oversight of some routine takeover announcements.
Click on the above link for more information