News

News

FINMA's Takeover and State Liability Committee restores the suspensive effect of the suspension of voting rights imposed by the Takeover Board (TOB) for the duration of the appeal proceedings in the matter of SHL Telemedicine Ltd.

In its ruling 672/04 of 1 September 2018, the Takeover Board (TOB) has, inter alia, suspended all voting rights and associated rights of Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen and Mengke Cai arising from their shares of SHL Telemedicine Ltd. with immediate effect until the publication of a mandatory offer approved by the TOB, and withdrawn the suspensive effect of any appeals against the decision.

FINMA's Takeover and State Liability Committee is examining the appeals lodged by Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen and Mengke Cai against this decision and, at their request, has restored the suspensive effect of the imposed suspension of voting rights for the duration of the appeal proceedings by interim order of 8 October 2018.