The Code on Takeovers & Mergers & Share Repurchases

The Code on Takeovers and Mergers and Share Repurchases regulates some of the activities of public companies. It is important that companies understand the requirements and their responsibilities under the Codes as they could become subject to disciplinary action. This course will provide a comprehensive overview of the Codes on Takeovers & Mergers and Share Repurchases (the “codes”).

Detailed Information

Highlights of the course include:

  • What transactions and companies do the Codes apply?
  • Principles underpinning the Codes
  • Certain provisions and operation of the Codes:
    • “Concert party”
    • Mandatory and voluntary offers and their terms
    • Offer timetable; offeror and offeree obligations and restrictions before, during and after an offer
    • Offers for convertibles and warrants
    • Privatisation
    • Chain principle
    • Whitewash waivers and “disqualifying transactions”
    • Partial offers
  • Interaction with HKEx Listing Rules
    • Reverse takeover – recent Listing Decisions
  • Recent Code issues for financial advisors
  • Case Studies

Registration Conditions

To view our registration conditions click HERE.