May 15, 2017 BY Valentina Kirilova

Hong Kong SFC issues guidance on corporate transactions and the use of valuations

The Securities and Futures Commission (SFC) today issued a guidance note on directors' duties and a circular to financial advisers regarding valuations in corporate transactions together with a statement on the liability of valuers for disclosure of false or misleading information. The SFC shared that has become increasingly concerned that some listed companies are acquiring…

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