News

News

FINMA's Takeover and State Liability Committee rejects the appeal filed by Nehama & Yoram Alroy Investment Ltd. and Elon Shalev against the Swiss Takeover Board's decision 672/01 in the matter of SHL Telemedicine Ltd.

At the request of Nehama & Yoram Alroy Investment Ltd. and Elon Shalev, the Swiss Takeover Board (TOB) in its decision 672/01 dated 26 January 2018 obligated Mengke Cai, Xiang Xu, Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd. and Kun Shen to make a public offer for all SHL Telemedicine Ltd listed shares priced at CHF 8.70 a share. Nehama & Yoram Alroy Investment Ltd. and Elon Shalev filed an appeal against the TOC's decision of 26 January 2018 to reject the suspension of voting rights, which they themselves had requested. Their appeal was rejected by FINMA's Takeover and State Liability Committee in its ruling of 27 March 2018.