In today’s briefing:
- Higher Foreign Shareholdings, Which Led to Fewer Takeover Defense, Push Companies To Further Reforms
Higher Foreign Shareholdings, Which Led to Fewer Takeover Defense, Push Companies To Further Reforms
- Takeover defenses peaked in 2008 and have been gradually declining. The direct cause of the difficulty in maintaining advance warning-type takeover defenses is the increase in the foreign shareholding ratio.
- Even companies that don’t have preemptive anti-takeover may take countermeasures when the risk of takeover increases, but with the publication of “Guidelines on Takeover Defense Measures,” transparent practices are expected.
- Not only parent-subsidiary listings, but companies that cannot transform management to generate more cash from holding cash on hand and assets will be unable to continue in their current situation.
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