CMB is currently drafting a communiqué regulating the principles and procedures in relation to tender offers for the shareholders of the public companies. This communiqué aims to broaden the principles regarding mandatory and voluntary tender offers, increases in shareholding ratios subject to the obligation to make tender offers to other shareholders within the company, determinations and limitations with respect to the calculation of offering prices, periods and duration of offerings, exemptions from the mandatory obligations and other principles in relation to voluntary tender offers.