Answered>Order 614
31>. Under the Hong Kong Code on Takeovers and Mergers,the Executive will normally give consent for a partial offer where:
I the offeror will end up with less than 30% of the voting rights.
IIthe offeror will end up with less than 50% of the voting rights.
III the offeror holds more than 50% of the voting rights and the offer will take them to no more than 75%.
IV the offeror holds 50% of the voting rights and the offer will take them to no more than 80%.
A I and III only
B I and IV only
C II and III only
D II and IV only
"Not answered?"
