SFC amends Codes on Takeovers and Mergers and Share Repurchases to align with new Companies Ordinance

3 Mar 2014



The Securities and Futures Commission (SFC) has with immediate effect amended the Codes on Takeovers and Mergers and Share Repurchases (the Codes) to bring them in line with the new Companies Ordinance which comes into force today. 

The amendments change the terminology used in the Codes from share “repurchases” to share “buy-backs.” As a result, the Codes have been renamed the Codes on Takeovers and Mergers and Share Buy-backs.

The Takeovers Executive (Note 1) has also made the following housekeeping amendments to the Codes:

The amendments to the Codes were gazetted on 28 February 2014. 

End

Note:

  1. The Takeovers Executive refers to the Executive Director of the Corporate Finance Division of the SFC or any delegates of the Executive Director.


Page last updated : 3 Mar 2014