In today’s briefing:
- For Small to Med-Sized Companies, the Resolution of Cross-Shareholdings Is Just Getting Started
For Small to Med-Sized Companies, the Resolution of Cross-Shareholdings Is Just Getting Started
- An increasing number of domestic asset management companies are treating shares reclassified as “shares held for trading” as policy holdings and exercising their voting rights accordingly.
- The practice of reclassifying shares as “shares held for trading” to make policy-held shares appear smaller is a phenomenon typical of the transitional period during which cross-shareholdings are being unwound.
- As evidenced by the renewed focus on strategic holdings following the revision of the Corporate Governance Code, the issue of cross-shareholdings remains a challenge for listed companies going forward.
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