New World Development Company Limited

Censure of Company for breach of Listing Agreement
SEHK, 24-Jul-08

Company and certain directors v SEHK
HK Court of Final Appeal, 6-Apr-06

Company and certain directors v SEHK
HK Court of Appeal, 27-May-05

Company and certain directors v SEHK
HK Court of First Instance, 3-May-04

EGM results
Company web site, 2-Dec-03

AGM results
Company web site, 2-Dec-03

New World Dev AGM voting advice
A defective proxy form doesn't permit voting on the separate resolutions to elect individual directors - a clear breach of the Listing Agreement. We urge the Stock Exchange to intervene, and meanwhile, investors should vote against the 5-in-1 resolution, because of cross-directorships. We also vote against the re-appointment of joint auditors - which either involves duplication of costs or each is relying on the other's audit work. (21-Nov-03)

New World Dev EGM voting advice
Last month, NWD did a surprise HK$1.23bn placing of new shares under the general mandate, and since then, $2.04bn has been wiped off the market value. We urge you to vote against the new issue mandate which does not comply with the Vampire recommendations and would allow HLD to do another dilutive placing. (21-Nov-03)

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