Regulatory Alerts2016-08-15
Rules on Take-Overs, Mergers and Compulsory Acquisitions
The Securities Commission Malaysia issued these Rules to regulate take-overs, mergers, and compulsory acquisitions under the Capital Markets and Services Act 2007. The document mandates offers when control is acquired or specific shareholding thresholds are triggered, while establishing strict procedures for voluntary offers, timing, and settlement. It further defines the conduct required of directors and advisers, including independence standards, and outlines the rights of minority shareholders during compulsory acquisition processes.
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