Cash only
Article Abstract:
The new takeover code being proposed by the Securities and Exchange Board of India would make it easier for hostile bids to be launched for Indian companies. It would not be necessary to obtain the board's approval for a bid price. This approach is designed to instigate a shift away from the prevailing view in India that a company belongs to promoters rather than investors. At present, Indian companies where the founding shareholders control only a small proportion of the stock are generally not in danger of a hostile takeover bid.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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No longer an island
Article Abstract:
An overdependence on bank finance has proved almost as great a weakness in Hong Kong as elsewhere in Asia. Problems began to emerge in mid-1997, when there was a strong rise in the property and equity markets that had little connection with economic realities. Bankers failed to issue a warning, and then there was a sharp decline on the money available to fuel the increase in asset prices. Hong Kong is now experiencing a substantial credit crunch, causing serious problems for companies with no spare cash.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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