Takeover disclosure requirements strengthened; merchant bankers must use revised letter of offer format available online. The circular directs merchant bankers to adopt a modified Letter of Offer format for takeover transactions incorporating additional disclosure requirements; the revised template is published on the regulator's website and must be used when submitting draft letters, issued under the regulator's statutory powers to protect investors and regulate the securities market.
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Takeover disclosure requirements strengthened; merchant bankers must use revised letter of offer format available online.
The circular directs merchant bankers to adopt a modified Letter of Offer format for takeover transactions incorporating additional disclosure requirements; the revised template is published on the regulator's website and must be used when submitting draft letters, issued under the regulator's statutory powers to protect investors and regulate the securities market.
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