12 DEC. 90
16:56
LINKLATERS & PAINES 852 8107021 LINKLATERS & PAINES 8 P. I
11.
Person includes an individual and a company.
12.
13.
Securities has the meaning attributed to the term "securities" in the Securities Ordinance.
BFC means the Securities & Futures Commission.
14.
Shares means securities which :
15.
16.
17.
18.
(a) carry voting rights under all circumstances;
(b) carry a right to participate in the earnings of a company and its assets either by way of a dividend calculated other than with reference to a fixed rate of return, or by way of a distribution of assets upon liquidation or winding-up calculated with reference to an amount greater than the amount paid
paid up on the securities; or
(c) may
be exercised or converted into securities carrying at least one of the rights described in (a) and (b).
Shareholder means a holder of shares.
Share repurchase means an offer to purchase, redeem or otherwise acquire shares of an offeror made by or on behalf of the offeror to any shareholder of the offeror and includes a privatisation, scheme of arrangement or other form of reorganization that consists, in whole or in part, of such an offer.
Stock Exchange means the Stock Exchange of Hong Kong
Ltd.
Takeovers Code means the Hong Kong Code on Takeovers and Mergers.
19.
Takeovers Mergers.
Committea
means the Committee on Takeovers and
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