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In recent months, there has been a noticeable surge in interest
by controlling shareholders to privatise the companies of which
they hold a controlling stake and to delist them from the Hong Kong
Stock Exchange ( privatisation ). This has, in turn, led
to an increased demand for financing options to support such
privatisation efforts. We set out some key practical points below
for lenders looking to offer this product.
Ways of privatisation in Hong Kong
Privatisations can be effected by way of:
a contractual offer made by the offeror to the target s
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The SFC Enforcement Division is responsible for addressing
wrongdoing in the securities and futures markets in Hong Kong.
Apart from conducting market surveillance to detect possible
wrongdoing, it takes action, known in the market as SFC enforcement
action, to ascertain whether such wrongdoing merits prosecution.
SFC enforcement action may comprise SFC investigations, SFC
disciplinary proceedings, MMT proceedings, criminal proceedings as
well as civil proceedings intended to protect the investing public.
In this article, we provide a high level guide to SFC enforcement
action with the aim of assisting persons who may be subject to such