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 establishes mandatory offer obligations for acquirers gaining control or triggering specific thresholds, while defining detailed procedures for voluntary offers and settlement. It further mandates strict conduct standards for advisers, including independence requirements, and outlines the rights of minority shareholders and compulsory acquisition mechanisms.
Share