Wang On Group Limited

Second Opinion
Time for a second visit to the Webb-site.com surgery for Town Health, which we critcised last year. Now, with the shares down another 78%, they have made a placing with persons who the SFC is not satisfied are independent of the controlling shareholder, while the SEHK has approved the issue. This highlights the ongoing conflict between the SEHK, one of the World's only for-profit regulators, and the SFC, a conflict which is holding up the reform of the market. (20-Jun-01)

Breach of Listing Rules
Company announcement, 22-Dec-00

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