The SC has also extended the time period for settlement of cash consideration from 10 days to 12 days to facilitate the settlement of consideration via e-payment or issuance of cheques by shareholders who have accepted a take-over offer.
PETALING JAYA: The Securities Commission (SC) has introduced flexibilities in complying with the requirements under the Capital Markets and Services Act 2007 (CMSA) and Rules on Take-Overs, Mergers and Compulsory Acquisitions during the movement control order (MCO) period.
In view of the challenges of printing offer documents and delivering the hard copy to shareholders during the MCO period, the SC had earlier announced that it will encourage the industry to offer more online services to the market, which include measures to facilitate take-over offers digitally.
Limited time offer:
Just RM5 per month.
