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31>. Under the Hong Kong Code on Takeovers and Mergers,the Executive will normally give consent for a partial offer where:

 I the offeror will end up with less than 30% of the voting rights.

IIthe offeror will end up with less than 50% of the voting rights.

III the offeror holds more than 50% of the voting rights and the offer will take them to no more than 75%.

IV the offeror holds 50% of the voting rights and the offer will take them to no more than 80%.

A I and III only

B I and IV only

C II and III only

D II and IV only

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