KUALA LUMPUR: The Securities Commission Malaysia (SC) has reaffirmed its commitment to ensuring that all takeover offers comply with the Malaysian Code on Takeovers and Mergers (Code) and the Rules on Takeovers, Mergers, and Compulsory Acquisitions (Rules) in order to uphold the integrity of the capital market.
“In any take-over offer, the SC focuses on ensuring compliance with the Code’s and the Rules’ requirements, particularly with regards to the timely and adequate disclosure of information to the shareholders. This is to ensure that shareholders have sufficient information to make informed decisions on take-over offers,” SC said in a statement.
With increasing interest in the matter, the SC reassured stakeholders that it is closely monitoring the situation to ensure full adherence to the Code and the Rules, and to uphold the integrity of the capital market.