SFC Takeovers and Mergers Panel 證監會收購及合併委員會
Webb reappointed to Takeovers Panel
SFC, 31-Mar-2023
He has been a member since 2001 and a Deputy Chairman since 2013, and becomes the current 2nd-longest-serving member after Freshfields' Teresa Ko, who was appointed in 1998, the same year that Webb-site was founded.
SFC, 31-Mar-2023
He has been a member since 2001 and a Deputy Chairman since 2013, and becomes the current 2nd-longest-serving member after Freshfields' Teresa Ko, who was appointed in 1998, the same year that Webb-site was founded.
Webb reappointed to Takeovers Panel for 2 more years
SFC, 31-Mar-2021
They must be optimistic! He was first appointed in 2001 and became a Deputy Chairman in 2013. He's the 3rd-longest serving current member of the Panel.
SFC, 31-Mar-2021
They must be optimistic! He was first appointed in 2001 and became a Deputy Chairman in 2013. He's the 3rd-longest serving current member of the Panel.
Decision on shareholdings of TVB (0511)
HK Communications Authority, 27-Sep-2019
In amazing legal contortions, the CA revokes its 2015 and 2016 approvals but issues new approvals based on new, unpublished "deeds of undertaking" and "statutory declarations" that although Dr Chan does not control the majority of the board of YHL, there is an "understanding and practice… that he would lead the YHL Board in relation to how votes in TVB were to be exercised". Therefore, mainland firm CMC and Mr Li Ruigang are not voting controllers of TVB, despite various rights in a "Relationship Agreement" that was not disclosed earlier. The decision follows a referral by the SFC.
HK Communications Authority, 27-Sep-2019
In amazing legal contortions, the CA revokes its 2015 and 2016 approvals but issues new approvals based on new, unpublished "deeds of undertaking" and "statutory declarations" that although Dr Chan does not control the majority of the board of YHL, there is an "understanding and practice… that he would lead the YHL Board in relation to how votes in TVB were to be exercised". Therefore, mainland firm CMC and Mr Li Ruigang are not voting controllers of TVB, despite various rights in a "Relationship Agreement" that was not disclosed earlier. The decision follows a referral by the SFC.
Webb reappointed to Takeovers Panel
SFC, 28-Mar-2019
He joined the Panel on 1-Apr-2001 and became a Deputy Chairman in 2013.
SFC, 28-Mar-2019
He joined the Panel on 1-Apr-2001 and became a Deputy Chairman in 2013.
TVB (0511) v Takeovers and Mergers Panel
HK Court of First Instance, 4-Oct-2017
Note: the word "waiver" is misspelt "wavier" 3 times in this judgment.
HK Court of First Instance, 4-Oct-2017
Note: the word "waiver" is misspelt "wavier" 3 times in this judgment.
Takeovers Panel’s ruling on TVB (0511) whitewash waiver and disclosure of shareholding structure
SFC, 10-May-2017
SFC, 10-May-2017
Notes on Amalgamations of British Businesses, October 1959
This document was the forerunner of the UK Takeovers Code which gave rise to codes in HK and elsewhere. Most of its provisions are recognisable in today's codes. (17-Jan-2016)
This document was the forerunner of the UK Takeovers Code which gave rise to codes in HK and elsewhere. Most of its provisions are recognisable in today's codes. (17-Jan-2016)
The HK Takeovers Code - now with hyperlinks!
SFC, 31-Mar-2011
This follows a request by your editor David Webb, who is a member of the Takeovers and Mergers Panel. We asked the Stock Exchange to do the same with the Listing Rules - hopefully they will catch up soon.
SFC, 31-Mar-2011
This follows a request by your editor David Webb, who is a member of the Takeovers and Mergers Panel. We asked the Stock Exchange to do the same with the Listing Rules - hopefully they will catch up soon.
Henry Fan takes leave as Chairman of Takeovers Panel during CITIC Pacific investigation
SFC, 22-Oct-2008
SFC, 22-Oct-2008
Takeover Code Amended
At 00:01 this morning, the SFC released major amendments to the takeover code following the market consultation earlier this year. The amendments are effective immediately. Readers of Webb-site.com contributed to this process by making a substantial number of submissions to the SFC, the vast majority of which supported our views. And now the first results are out, and they represent a victory for the public shareowner. (19-Oct-2001)
At 00:01 this morning, the SFC released major amendments to the takeover code following the market consultation earlier this year. The amendments are effective immediately. Readers of Webb-site.com contributed to this process by making a substantial number of submissions to the SFC, the vast majority of which supported our views. And now the first results are out, and they represent a victory for the public shareowner. (19-Oct-2001)
Takeover Code Consultation
This article contains the views of Webb-site.com on the SFC's review of the Takeover Code and Share Repurchase Code. We've fought for several of the proposals for a long time, and broadly welcome the paper. We also tell you where the SFC has gone wrong, and finally focus on a solution to the poor quality of so-called independent advice on takeovers and connected transactions. Read our views, decide whether you agree, then SUBMIT YOUR VIEW to the SFC using our special form. (6-May-2001)
This article contains the views of Webb-site.com on the SFC's review of the Takeover Code and Share Repurchase Code. We've fought for several of the proposals for a long time, and broadly welcome the paper. We also tell you where the SFC has gone wrong, and finally focus on a solution to the poor quality of so-called independent advice on takeovers and connected transactions. Read our views, decide whether you agree, then SUBMIT YOUR VIEW to the SFC using our special form. (6-May-2001)
Webb appointed to Takeover Panel
The Hong Kong Securities and Futures Commission has announced that Webb-site.com Editor David Webb is among seven new members appointed to the Takeovers and Mergers Panel and the Takeovers Appeal Committee. (6-Apr-2001)
The Hong Kong Securities and Futures Commission has announced that Webb-site.com Editor David Webb is among seven new members appointed to the Takeovers and Mergers Panel and the Takeovers Appeal Committee. (6-Apr-2001)
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