Advise if the proposed transaction has any takeovers

Assignment Help Business Law and Ethics

Reference no: EM133201431 , Length: word count:200

Case Facts:

CG Ltd and Oriental Ltd are two major shareholders of Listco X, holding 26% and 22% shares of Listco X respectively.

CG Ltd and Oriental Ltd are related. CG Ltd is owned by Oriental Ltd as to 25%. They have a common shareholder CM Ltd which owns the remaining 75% shares of CG Ltd and 50% shares of Oriental Ltd. Now, it is proposed that Oriental Ltd will transfer the entire 22% shares owned by it in Listco X to CG Ltd for cash consideration (the "Proposed Transaction").

Below are the diagrams showing the shareholding structure before and after the Proposed Transaction:

Required:

Advise if the Proposed Transaction has any Takeovers Code implication (including the possibility of applying for any waivers) under the below three different scenarios respectively:

(1) Assuming CM Ltd is wholly owned by John and NN Ltd is wholly owned by Jason. John and Jason are independent parties.

(2) Assuming CM Ltd is wholly owned by John and NN Ltd is wholly owned by Jason. John is the father of Jason.

(3) Assuming both CM Ltd and NN Ltd are wholly owned by the PRC State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

Reference no: EM133201431

Questions Cloud

Identify and describe elements that you feel are of benefit : Review the Intelligent Hospital Pavilion ICU videos. Write a paper in which you identify and describe elements that you feel are of benefit or risk to patients

Finger deeply and receives stitches : BIO 131-Prescott College-One evening a family member cuts their finger deeply and receives stitches (sutures) at the emergency room

Analyze and discuss two areas of business law : Analyze and discuss two areas of business law that present the greatest potential risks and liabilities for the Clean business

Compilation of model systems : BIOT 645-University of Maryland University-We will put together our compilation of model systems. Each of you has been assigned model system to explore further.

Advise if the proposed transaction has any takeovers : Assignment – Takeover Case Study - Advise if the Proposed Transaction has any Takeovers Code implication (including the possibility of applying for any waivers)

What type of product do you have to offer : What type of product do you have to offer? What sort of pricing is appropriate? What promotion will be utilized?

Analyse and interpret legal issues : Apply key principles of law for commerce to recognise and evaluate legal issues and Analyse and interpret legal issues in domestic and international contexts

Protect us against new coronavirus : Santa Monica College-Many health agencies are looking for a vaccine that would protect us against the new coronavirus.

Explain the discrepancy in pay among the current employees : Explain the discrepancy in pay among the current employees. Describe the strategy you would take to correct the internal equity issue.

User Account

All Pages