Select Page

Hong Kong Law

September 2005

Best Boutique Firm 2014

Asian Legal Business Awards

This newsletter is for information purposes only.

Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser. Charltons is not responsible for any third party content which can be accessed through the website.

If you do not wish to receive this newsletter please let us know by emailing us at:

Dominion Centre,12th Floor
43-59 Queen's Road East, Hong Kong

Tel: + (852) 2905 7888
Fax: + (852) 2854 9596


Charltons - Hong Kong Law Newsletter - Issue 26 - 07 September 2005

Codes on Takeovers, Mergers and Share Repurchases Hong Kong 2005 Amendments SFC

Takeovers Code Hong Kong Class 2 Presumption Definition Of "Acting In Concert” Directors

"Low-Ball" Or "One Cent" Offers Frustrate Target's Business Rule 4 No Genuine Intention to Seek ControlHong Kong

Consultation Conclusions on the changes to the Hong Kong Codes on Takeovers, Mergers and Share Repurchases

Rule 32.1 Of The Takeovers Code And Rule 6 Of The Share Repurchases Code Hong Kong

Voluntary Offers Price at a Discount of Over 50% Market Price Note to Definition of Offer Hong Kong

Incumbent Board Frustrate the Exercise of Board Control by a Successful Offeror

Takeovers Code Rule 31.5 Offeror Requisitions General Meeting Rule 4 Frustrating Actions

Pre-Vetting Process Commenting Process SFC Compliance is the Responsibility of Issuer, Directors and Advisers

Whitewash waivers for general offer obligations triggered by on-market share repurchases

Takeovers Code Rule 16.5 Competitive Situation Late Stages of an Offer Period Executive Require Revised Offers Auction Procedure Competing Offer
Telecommunications Mergers Note 3 to Rule 15.5
Change of Carrier Licensee in the Hong Kong Telecommunications Market Telecommunications Authority Investigation Adverse Effect on Competition
Extension of "Day 39" Final Decision of the Telecommunications Authority
No acquisition of Voting Rights General Offer Obligation "Change" of Carrier Licence