GCC Capital

SFC consults on revisions to takeovers and share buy-back rules

The Securities and Futures Commission (SFC) has launched a consultation on suggested changes to the Codes on Takeovers and Mergers and Share Buy-backs. The proposed amendments aim to clarify existing practices and make other clarifications to the Codes. The consultation paper also introduces measures to reduce the environmental impact of documents published under the Codes. Interested parties can submit their comments to the SFC by June 23, 2023, through their website or email.

Consultation paper: https://apps.sfc.hk/edistributionWeb/api/consultation/openFile?lang=EN&refNo=23CP5 

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR52

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