问答题 In relation to the takeover of a company (‘the target company’):

问答题 (a) Explain the application of the Codes on Takeovers and Mergers (‘the Codes’). (5 marks)

问答题 (b) Explain the circumstances under which a person is required by the Codes to make a mandatory general offer to buy the shares held by the target company’s shareholders. (5 marks)