Securities Law : A Guide To The Hong Kong Code On Takeovers And Mergers

The Hong Kong Code on Takeovers and Mergers (the "Takeovers Code") regulates takeovers and mergers in Hong Kong and applies to public companies and companies with a primary listing of their equity securities in Hong Kong.

The primary purpose of the Takeovers Code is to provide fair treatment for shareholders by requiring equal treatment of shareholders, mandating disclosure of timely and adequate information to enable shareholders to make informed decisions on the merits of an offer and ensuring that there is a fair and informed market in the shares of companies affected by takeover and mergers transactions.

The Takeovers Code however does not have the force of law.