Imagi International Holdings Limited

Formerly known as	Until
IMI Global Holdings Limited	30-Mar-04
Boto International Holdings Limited	13-Nov-02

CITIC Pacific/ CLP AGM Roundup
It was a CITIC Pacific AGM with a few surprises - a Boto (0585) independent director reveals for the first time that he did not regard last year's deal as fair and reasonable - so why didn't he say so at the time? Meanwhile Project Vampire bites, as the public vote, excluding insiders, appears to be against the general mandate by a 55% majority. And we take a brief look at the CLP meeting. (6-May-03)

The Foxes Guarding Hong Kong's Hens
BusinessWeek, 26-Aug-02

Hong Kong's Cautionary Christmas Carol
BusinessWeek, 23-Aug-02

Webb shares thoughts on Boto sale
FinanceAsia, 20-Aug-02

Christmas is Cancelled
After a 5 month Battle of Boto, the deal goes ahead in a vote won by the narrowest of margins, and only because it was stacked with management-related votes, by kind permission of the Stock Exchange of Hong Kong. Over three quarters of the public votes were against the deal. Will minorities ever get a level playing field in Hong Kong? For now, they have an unlevel minefield. (19-Aug-02)

Time to Vote Against Boto Sale
Boto's circular is finally out, and in a move unique in recent history, the Independent Financial Adviser advises shareholders to vote AGAINST the sale! It underlines how unfair the proposal is. The circular also reveals evidence that contrary to the 9.6% reported earnings drop, Boto's core business actually increased profits 12.5% last year, as we will show. We tell you how and why you should vote against the sale. (4-Aug-02)

Breach of Listing Rules
Company announcement, 17-Jul-02

Boto's New Deal
Boto has at last announced amended terms for the proposed sale of its core businesses. We give our views. (12-Jul-02, revised 13-Jul-02)

Minority Uprising
Time Magazine, 27-May-02

Mobius decries lack of investor protection
HK-iMail, 24-May-02

Don't Stack the Boto Vote
The Boto saga drags on, and it now emerges that, in the knowledge that the Buy-out plan has no support from independent investors, Management is trying to stack the vote by appealing again to a key committee of the Stock Exchange to allow insiders to vote. We urge the Listing (Review) Committee not to waver, and to allow the proposal, if it proceeds, to be put to truly independent shareholders. (9-May-02)

A Fair Alternative for Boto
In the Boto Buy-out case, the SEHK has reportedly confirmed that other directors are conflicted from voting, while allowing senior managers and a trust run by HSBC to vote - even though the managers report to Mr Kao and HSBC if financing the Buy-out. Among other minority shareholders is the parent of Shanghai Industrial, which has a director on the board. We again urge Boto to withdraw the proposal, which faces near-certain defeat. We reveal that investors opposed to the Buy-out have proposed an alternative which would be fair to all. (28-Apr-02)

All might not be merry with buyout plan
International Herald Tribune, 23-Apr-02

A letter from David Webb
FinanceAsia.com, 11-Apr-02

Carlyle LBO's Xmas
FinanceAsia.com, 10-Apr-02

Templeton Rejects Boto Buyout Plan
The largest institutional investor in Hong Kong stocks, Templeton, has announced its opposition to the Boto MBO proposal and urged all other shareholders, large and small to vote against the deal. (8-Apr-02)

Say No to Boto's MBO
Boto, the World's leading artificial Christmas tree maker, has been growing a perfect seasonal balance in leisure furniture. Now just as that is soaring, along comes the Chairman with a management buy-out offer backed by Carlyle Group, at an estimated 5.6x Mar-02 earnings, leaving shareowners with a shrunken shell and a start-up graphics animator. The deal requires minority shareholders' approval. We regard the offer as derisory and urge investors to vote against the deal, as we and a number of institutions intend to do. (4-Apr-02)

The 2001 Christmas Pick
Ho ho ho! No, that's not a list of Shun Tak directors - it's the sound of Santa Claus and time for Webb-site.com's annual gift to our readers, a small-cap delight to put in your stockings. Like Christmas, our stock tip comes just once a year. Last year's pick, Kingmaker, returned 53.2%, beating the HSI by 84.8%. Our 1999 pick returned 81.6% in two years. So what's in our sack for this year? Read on to find out. (3-Dec-01)

Oh Tannenbaum, How Your Fiber-Optic Needles Glow
BusinessWeek, 2-Jan-01

A Load of Cobblers
It's nearly Christmas, and time for Webb-site.com's annual gift to our readers, a small-cap delight to put in your stockings. At last - something positive from the gloomiest site in town! Last year's pick, Boto International, outperformed the HSI by 32.6% in a year. Read on to see who gets our vote this year. (4-Dec-00)

SFC prosecutes Mr Lawrence Lai Chi Kin for Contravening the Securities (Disclosure of Interests) Ordinance
SFC, 19-Sep-00

Deck the Halls with Boto
Christmas is coming, and with only 19 shopping days left (and even fewer market days) we're getting into the festive spirit. So for once, we'll write something positive about an overlooked HK company that makes a large portion of North America's artificial Christmas trees. (5-Dec-99)

Recommend Webb-site.com to a friend

Important notice: All material on this site, except where otherwise accredited, is copyright to Webb-site.com. Media and researchers are welcome to quote from articles on this site, provided that such quotation is attributed to Webb-site.com. The information in this site should not be relied upon by any person in making any investment decision. No responsibility or liability is accepted by Webb-site.com or any person related to it for any loss arising from or in reliance upon the whole or any part of the contents of this site. Persons who are in any doubt about an investment or potential investment should take professional investment advice. From time to time parties associated with Webb-site.com may own long or short positions in securities issued by or related to companies or governments on which we comment.