Talk to the Securities and Futures Commission (SFC) early, and do it on a consultative basis when dealing with being defined as a concert party in Hong Kong. That was the lesson from the case of China Oriental, in a session on takeovers at IFLR’s Asia Capital Markets Forum today.
In a case study offered by session chair Ashley Alder, head of Herbert Smith’s Asia practice, delegates learnt about China Oriental, a Chinese steel company, and...