Recruit Holdings Limited

Formerly known as	Until
Panda-Recruit Limited	16-Jan-03

The Independent Panda
Following our scoop that Vincent Lo's Shui On Group had an undisclosed interest in Panda-Recruit, the company put out an announcement which defined "independent" in a piece of legal dissection not seen since Bill Clinton's definition of "is". This affair highlights a much wider loophole in the Stock Exchange's definition of connected parties, as we explain. (11-Aug-00)

Save the Panda
Successful dot-com IPOs are fast becoming an endangered species. Panda-Recruit Ltd, distributor of job ads to MTR passengers, starts trading on GEM tomorrow. The company is chaired by GEM Listing Chairman K S Lo, so you might think it was a sure bet. We don't think so. We also reveal the hidden owners of one of the shareholders. (19-Jul-00)

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