Chapter 5: Fundamental Transactions and Takeover Regulations
Part A: Interpretation and application
R85: Change in control
- (1) If a change in control takes place in a pyramid or intermediate pyramid, the offeror must make an offer or offers to-
- (a) holders of securities of the pyramid or intermediate pyramid, if any is a regulated company; and
- (b) holders of securities of the controlled company, excluding securities held by the pyramid or intermediate pyramid.
- (2) The principles governing mandatory offers and comparable offers apply to offers required by this regulation.
No related regulations.
No related sections.
No related note.
No related forms.