Glamour House and its sole director criticised for breach of SFC's Takeovers Code

20 Jul 2010



The Takeovers Executive of the Securities and Futures Commission (SFC) today issued a public notice criticising the failure of Glamour House Limited (Glamour House) and its sole director to make a timely announcement in connection with the completion of acquisition of shares in Asian Dynamics International Limited which gave rise to an obligation of Glamour House to make an offer for the shares of Asian Capital Resources (Holdings) Limited pursuant to Note 8 to Rule 26.1 of the Takeovers Code. The failure constitutes a breach of the Takeovers Code.

A copy of the notice of criticism can be found in the “Prospectuses, Takeovers & Mergers” – “Takeovers and Mergers” – “Panel and Executive Decisions / Statements” section of the SFC website at http://www.sfc.hk.


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