Hong Kong Capital Markets Quarterly News -- April 2013

In This Issue:

Major Publications and Decisions; New Listing Decisions; New Guidance Letters; Enforcement News; and Regulatory Watch.

- Excerpt from Major Publications and Decisions:

Chain principle offer triggered -

In February 2013, the Takeovers and Mergers Panel (“Panel”) ruled that an obligation under the Takeovers Code to make a chain principle offer for Hong Kong-listed Greenheart Holdings Limited (“Greenheart”) would be triggered if Sino-Forest Corporation (“Sino-Forest”) proceeded with the transfer of substantially all its assets, including an indirect shareholding of 63.6% of Greenheart, to a new company wholly owned by Sino-Forest’s creditors. The Panel also decided that no waiver of such mandatory offer obligation would be available.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:


Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.