David Webb, editor of Webb-site.com, has been appointed as a new member to the Hong Kong Securities and Futures Commission's SFC Takeovers and Mergers Panel and the Takeovers Appeal Committee.
I am very pleased to be able to contribute to the Panel's work, and as a member of the Panel I will do my best to improve the protections afforded to public shareholders under the Codes on Takeovers and Mergers and Share Repurchases, says Webb.
In particular, I believe it should be a top priority that the takeover threshold be reduced from its current 35% so that there are fewer cases of takeovers of listed companies without a general offer being made to...