An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO
Initial public offering (IPO) is the maiden issue of shares by a public company. The decision to go public is motivated by several motives and justifications including a motive to pursue a takeover or merger. It is crucial for the investors to predict the possibility of takeovers and mergers after...
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| Format: | Article |
| Language: | English English English |
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Universiti Malaysia Sarawak
2020
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| Online Access: | http://irep.iium.edu.my/79197/ http://irep.iium.edu.my/79197/1/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure.pdf http://irep.iium.edu.my/79197/2/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_SCOPUS.pdf http://irep.iium.edu.my/79197/3/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_WOS.pdf |
| _version_ | 1848788733402284032 |
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| author | Ambaras Khan, Mushera Bibi Arif Zakaria, Mohd Radhuan |
| author_facet | Ambaras Khan, Mushera Bibi Arif Zakaria, Mohd Radhuan |
| author_sort | Ambaras Khan, Mushera Bibi |
| building | IIUM Repository |
| collection | Online Access |
| description | Initial public offering (IPO) is the maiden issue of shares by a public company. The decision to go public is
motivated by several motives and justifications including a motive to pursue a takeover or merger. It is crucial
for the investors to predict the possibility of takeovers and mergers after IPO, so that they could make an
informed decision in placing their investment. The material and relevant information contained in a prospectus
relating to the IPO company could assist the investors to predict the likelihood of takeovers and mergers post
IPO. Hence, this paper investigates the relevant and material information that are needed by the investors to
predict the likelihood of a takeover or merger post IPO. This paper also analyse the standard of disclosure
required in prospectus for initial public offering in order to determine whether the information compelled for
disclosure can be used by investors to predict the likelihood of takeovers and mergers post IPO. For this
purpose, the laws and regulations on capital market and securities industries as contained in the Capital
Markets and Services Act 2007 and Prospectus Guidelines is analysed. The guidelines for the offering of
electronic prospectus are also discussed in order to shed light on the duties of the host of e-prospectus and the
safeguards for investors. The result of the study shows that the standard of disclosure in prospectus allow the
investors to predict and anticipate the likelihood of takeovers and mergers post initial public offering. |
| first_indexed | 2025-11-14T17:45:31Z |
| format | Article |
| id | iium-79197 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English English |
| last_indexed | 2025-11-14T17:45:31Z |
| publishDate | 2020 |
| publisher | Universiti Malaysia Sarawak |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-791972020-05-08T14:40:51Z http://irep.iium.edu.my/79197/ An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO Ambaras Khan, Mushera Bibi Arif Zakaria, Mohd Radhuan K Law (General) K623 Civil Law Initial public offering (IPO) is the maiden issue of shares by a public company. The decision to go public is motivated by several motives and justifications including a motive to pursue a takeover or merger. It is crucial for the investors to predict the possibility of takeovers and mergers after IPO, so that they could make an informed decision in placing their investment. The material and relevant information contained in a prospectus relating to the IPO company could assist the investors to predict the likelihood of takeovers and mergers post IPO. Hence, this paper investigates the relevant and material information that are needed by the investors to predict the likelihood of a takeover or merger post IPO. This paper also analyse the standard of disclosure required in prospectus for initial public offering in order to determine whether the information compelled for disclosure can be used by investors to predict the likelihood of takeovers and mergers post IPO. For this purpose, the laws and regulations on capital market and securities industries as contained in the Capital Markets and Services Act 2007 and Prospectus Guidelines is analysed. The guidelines for the offering of electronic prospectus are also discussed in order to shed light on the duties of the host of e-prospectus and the safeguards for investors. The result of the study shows that the standard of disclosure in prospectus allow the investors to predict and anticipate the likelihood of takeovers and mergers post initial public offering. Universiti Malaysia Sarawak 2020 Article PeerReviewed application/pdf en http://irep.iium.edu.my/79197/1/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure.pdf application/pdf en http://irep.iium.edu.my/79197/2/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/79197/3/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_WOS.pdf Ambaras Khan, Mushera Bibi and Arif Zakaria, Mohd Radhuan (2020) An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO. International Journal of Business and Society, 21 (S1). pp. 19-31. ISSN 1511-6670 http://www.ijbs.unimas.my/images/repository/pdf/Vol21-S1-paper2.pdf |
| spellingShingle | K Law (General) K623 Civil Law Ambaras Khan, Mushera Bibi Arif Zakaria, Mohd Radhuan An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title | An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title_full | An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title_fullStr | An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title_full_unstemmed | An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title_short | An analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post IPO |
| title_sort | analysis on the legal framework for disclosure in prospectus and the standard of disclosure in determining takeovers and mergers activities post ipo |
| topic | K Law (General) K623 Civil Law |
| url | http://irep.iium.edu.my/79197/ http://irep.iium.edu.my/79197/ http://irep.iium.edu.my/79197/1/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure.pdf http://irep.iium.edu.my/79197/2/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_SCOPUS.pdf http://irep.iium.edu.my/79197/3/79197_An%20analysis%20on%20the%20legal%20framework%20for%20disclosure_WOS.pdf |