| Decisions / Statements |
Date of Decision |
| Panel Decision - In relation to a referral by the Executive to the Takeovers and Mergers Panel (the “Panel”) for a ruling in relation to statements made by a representative of the Offerors regarding China Gas Holdings Limited (“China Gas”, Stock Code: 384) under the Code on Takeovers and Mergers (“Code”) |
12 April 2012 |
Panel Decision - In relation to a referral by the Takeovers Executive to
the Takeovers and Mergers Panel for a ruling as to whether certain parties were acting in concert in relation to Hung Hing Printing Group Limited and related issues under the Codes on Takeovers and Mergers and Share Repurchases |
24 May 2011 |
| Panel Decision - In relation to a referral to the Takeovers and Mergers Panel by the Executive for a ruling on whether Husky Energy Inc. should be considered a "public company in Hong Kong" within the meaning of the Codes on Takeovers and Mergers and Share Repurchases |
17 May 2011 |
| Panel Decision - In relation to a referral by the Takeovers Executive to the Takeovers and Mergers Panel for a ruling as to whether certain parties were acting in concert in relation to Merdeka Resources Holdings Limited and, if so, whether a mandatory general offer obligation had been incurred under the Hong Kong Takeovers Code |
20 December 2010 |
| Panel
Decision - In relation to the review by the Panel of the
Executive's ruling that it was not prepared to confirm
that Rich Legend International Limited, a wholly-owned
subsidiary of China Gas Holdings Limited may invoke certain
conditions in respect of the conditional voluntary general
offers for all the outstanding shares, convertible bonds,
and share options of Zhongyu Gas Holdings Limited under
Note 2 to Rule 30.1 of the Code on Takeovers and Mergers
and accordingly the Offeror should proceed with its Offers |
24 May 2010 |
Panel
Decision - In relation to a referral to the Panel by the
Executive for a ruling on whether Nam Tai Electronics,
Inc. is permitted to extend its offer for the shares in
Nam Tai Electronic and Electrical Products Limited not
owned by NTEI or parties acting in concert with it, having
previously announced that such an offer had lapsed
|
21 April 2009 |
| Panel
Decision - In relation to a referral by the Takeovers
Executive to the Takeovers and Mergers Panel for a ruling
on whether the mandatory offer obligation which would
result from the proposed transfer of an interest in Hong
Kong Aircraft Engineering Company Limited by Cathay Pacific
Airways Limited to a subsidiary of Swire Pacific Limited
should be waived |
10 December
2008 |
| Panel
Decision – In relation to a referral to the Panel
by the Executive for a ruling as to whether proposed acquisitions
by the Fung family of a 5% interest and by China Life
Insurance Company Limited of a 10% interest in Wing Hang
Bank, Limited would give rise to an obligation to make
a mandatory general offer for Wing Hang Bank under Rule
26.1 of the Codes on Takeovers and Mergers and Share Repurchases |
29 August 2008 |
| Panel
Decision - In relation to a referral to the Panel by the
Executive for a ruling whether a cash alternative should
be required under Rule 23.1(b) of the Codes on Takeovers
and Mergers and Share Repurchases as a result of the acquisition
of shares in CITIC International Financial Holdings Limited
for cash by Lehman Brothers Asia Limited or persons controlling,
controlled by or under the same control as Lehman during
the offer period |
29 July 2008 |
| Panel
Decision - In relation to a referral to the Takeovers
Panel by the Executive for a ruling as to whether certain
parties are acting in concert in relation to China Oriental
Group Company Limited and related issues under the Codes
on Takeovers and Mergers and Share Repurchases |
6 December 2007 |
| Panel
Decision - In relation to a referral to the Takeovers
Panel by the Executive for a ruling on the comparable
offer price to be made for the "H" Shares in
Sanmenxia Tianyuan Aluminum Company Limited |
6
August 2007 |
| Panel's decisions in relation to Pacific Challenge
Holdings Limited |
16 July 2007 |
Takeovers
and Mergers Panel Decision Regarding CLP Holdings Limited
Application of Rule 32.1 of the Takeovers Code
|
17 December
2003 |
| Panel
Decision - In relation to an application by International
Capital Network Holdings Limited ("ICN") for a review
of a ruling by the Executive that ICN must comply with
the provisions of the Takeovers Code in response to an
offer by Koffman Securities Limited. |
8 November 2002 |
| Panel
Decision re: China Motor Bus Co Ltd ("CMB")as to whether
a concert party had been formed |
10 July 2002 |
| Takeovers
and Mergers Panel Affirms Ruling by the Executive in relation
to Symphony Holdings Limited |
13 May 2002 |
| Takeovers
and Mergers and Panel Disciplinary Decision Sanctions
imposed on Mr Anthony Wong Man Shek and Asia Financial
(Assets Management) Limited in respect of dealings in
the shares of Tack Hsin Holdings Limited |
2 April 2002 |
| Panel
decision in relation to an application by Charterbase
Management Limited for a review of a ruling by the Executive
that shares in UDL issued to the Scheme Administrator
do not carry voting rights within the meaning of the Hong
Kong Code on Takeovers and Mergers |
28 September
2001 |
| Decision
on preliminary issue in relation to an application by
Charterbase Management Limited for a review of a ruling
by the Executive - UDL Holdings Limited |
4 September
2001 |
| Panel
decision in relation to a referral to the Takeovers Panel
by the Executive for a ruling as to whether an announcement
by Singapore Telecommunications Limited is required |
2 June 2000 |
| Panel
decision in relation to a referral to the Takeovers Panel
by the Executive for a ruling as to whether share repurchases
constitute disqualifying transactions in relation to whitewash
waiver applications |
30 March 2000 |
| Panel
decision in relation to an application by Cobra Technologies
Corp. for a review of the Executive's ruling of 19 October
1999 that Cobra had triggered a mandatory general offer
obligation under Rule 26 of the Code on Takeovers and
Mergers as a result of Cobra's acquisition of (i) 10.25%
of the shares of Tse Sui Luen Jewellery (International)
Limited and (ii) the rights, title and interest of UBS
AG in certain financing and security documents |
9 November 1999 |
Takeovers
and Mergers Panel Disciplinary Decision
Kong Tai International Holdings Company Limited
Mr David Wong "cold shouldered" unless and until arrangements
are made to compensate shareholders
Appendix 1
Appendix 2
Appendix 3
Appendix 4
Appendix 5
|
24 June 1999 |
|
Panel
decision in relation to an application by the Executive
for proposed disciplinary action as a result of a failure
to make a general offer for the South East Group Limited
(formerly Benelux International Limited) |
8 June 1999 |
| Panel
decision regarding application of Rule 26.3 of the Takeovers
Code in relation to Far East Aluminium (Holdings) Limited
|
14 April 1999 |
Decision of Takeover Appeal Committee in the Appeal of Danny Chan and Jim Wong relating to Shun Ho Resources Holdings Limited
(See also Panel decision dated 20 December 1993 and Panel statement dated 29 November 1995) |
25 March 1999 |
| Panel
decision in relation to the review of the Executive's
ruling regarding the break up of a concert party holding
shares in Golden Power International Holdings Limited
|
28 May 1998 |
| Panel
decision regarding application of Rule 31.1(a)(i) of the
Takeovers Code in relation to The Kwong Sang Hong International
Limited |
March 1997 |
| Panel
decision regarding application of Rule 13 of the Takeovers
Code in relation to a proposed offer for warrants of Asean
Resources Holdings Limited |
14 May 1996 |
Panel's
statement regarding Mr. William Cheng Kai Man
(See also Panel decision dated 20 December 1993 and Appeal Committee decision dated 25 March 1999) |
29 November 1995 |
| Panel
decision regarding Rich City Packaging Holdings Limited
|
18 August 1995 |
| Panel
decision regarding proposed general offer share repurchase
for Elec & Eltek International Holdings Limited |
10 July 1995 |
| Panel
decision regarding proposed partial offer of or Kong Wah
Holdings Limited |
3 July 1995 |
| Panel
decision regarding application of the chain principle
under Note 8 to Rule 26.1 and related matters regarding
the proposed acquisition of statutory control of The National
Mutual Life Association of Australasia |
13 April 1995 |
Panel
decision regarding independence of financial adviser:
Anglo Chinese Corporate Finance, Limited in respect of
the conditional cash offer by Emperor (China Concept)
Investments Limited for Hong Kong Daily News Holdings
Limited |
10 October 1994 |
| Panel
decision regarding application of the chain principle
under Note 8 to rule 26.1 in respect of proposed voluntary
offer for Seapower International Holdings Limited |
11 August 1994 |
| Panel
decision regarding placing of shares of Unisouth Holdings
Limited in respect of Dynamic Business Group Limited's
offer for Unisouth Holdings Limited |
1 July 1994 |
Panel
decision in relation to Shun Ho Resources Holdings Limited
(See also Panel statement dated 29 November 1995 and Appeal Committee decision dated 25 March 1999) |
20 December 1993 |
Press
Release regarding Panel's decision on the relationship
between the Kuok Group and Newscorp
Re : South China Morning Post (Holdings) Limited
|
29 September
1993 |
Panel
decision regarding independence of financial adviser:
Anglo Chinese Corporate Finance, Limited, in respect of
the conditional cash offer by Continental Mariner Investment
Company Limited for Lolliman Holdings Limited |
12 July 1993 |
Panel
decision regarding independence of financial adviser:
Seapower Corporate Finance Limited, in respect of Walsin
Hong Kong Corporation Limited's offer for Success Holdings
Limited |
13 January 1993 |
Panel
decision regarding :
(1) Independence of financial adviser:
Internationale Nederlanden Capital Markets (Hong Kong)
Limited and
(2) Chain principle offer price under Note 8 to rule
26.1 for Hong Kong Building and Loan Agency Limited in
respect of China Strategic Investment Limited's offers
for Pacpo Holdings Limited and Hong Kong Building and
Loan Agency Limited |
13 January 1993 |
