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Hong Kong is an active market for initial public offerings (IPOs) and debt offerings. Bookbuilding and placing activities by intermediaries in equity and debt capital market transactions are substantial but, in contrast to a comprehensive regulatory regime for listing sponsors in the IPO process, we...
The Stock Exchange of Hong Kong (SEHK) publishes revised e-Forms SEHK published the following revised Listing e-Forms: • DU003G - Dir…
Green Party of Aotearoa New Zealand Today the student accommodation inquiry initiated by Green Party Tertiary Education spokesperson Chlöe Swarbrick tabled its report in Parliament. Recommendations include establishing an independent dispute resolution process that can provide compensation, previously cut off to students unable to access the Tenancy Tribunal through exclusion to the Residential Tenancies Act, and requiring proactive transparency of services, costs and expectations published online. “Everyone, regardless of whether they are studying or not, deserves a secure home where ther...
SFC issued a bulletin regarding issues relating to the Codes on Takeovers, Mergers and Share Buybacks (the Takeovers Code), which includes the following highlights: Identifying All Relevant Regulatory Approvals for Completion of Offers SFC reminded offerors, offeree companies and their respective advisers that sufficient and thorough due diligence should be conducted at the outset of a transaction so that all regulatory approvals required for the completion of offers are identified early and disclosed appropriately in line with Rule 3.5(e) of the Takeovers Code. Failure to do so can cause nu...
To embed, copy and paste the code into your website or blog: The paper proposes standards of conduct for intermediaries involved in bookbuilding and placing activities in ECM and DCM transactions. On 8 February 2021, the Securities and Futures Commission of Hong Kong (SFC) published a consultation paper on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market (ECM) and Debt Capital Market (DCM) Transactions and (ii) the “sponsor coupling” Proposal (Consultation Paper). Please see full Alert below for more information. Latham & Watkins operates w...