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Technology Stocks : Softbank Investment International (HK0648)
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To: Yamakita who wrote (277)3/15/2000 8:33:00 PM
From: MangoBoy  Read Replies (2) of 615
 
If I understand correctly, under Hong Kong code an entity that acquires a majority stake in a public company -- via private placement, share purchase on open market, etc. -- is obliged to make a mandatory offer to all other non-company shareholders to acquire their shares. A Whitewash Waiver (commonly granted I assume except in rare case of hostile takeover) excuses the new majority owner from that obligation.

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