| Application of Companies Act to shares held by special purpose company |
| Application of Companies Act to shares held by special purpose company |
11.—(1) Notwithstanding section 139 or 140 of the Securities and Futures Act 2001 (relating to take-overs offers) and the Take-over Code referred to in section 139(2) of that Act (referred to in this section as the Code), the transferee holding company’s shares held by the special purpose company under section 8(1) shall not be taken into account in determining whether —
[42/2001 wef 01/01/2002]
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