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SWIRE PACIFIC LIMITED 太古股份有限公司




Alibaba's spotlight on HK regulation
10 years after the Expert Group report, Alibaba's requests spotlight the unresolved conflict of interests of HKEx between profit and regulation, creating an opportunity for Government to put this back on the agenda. They should now follow through, strip HKEx of its regulatory role, create a Listings and Takeovers Authority under the SFC, and remove the special provisions of HKEx's own constitution which make it a Government-controlled company. (18-Sep-2013)
Air China's balance sheet worries
We look at the highly-geared balance sheet of Air China, the bizarre and unfinished mini-subscription by its parent launched 6 months ago, and the likely need for a much larger equity financing if it is going to run on free-market principles, which in turn has implications for Cathay Pacific's 20% stake. (24-Oct-2012)
Ex-company president and director charged with bribing Ao Man-long
ICAC, 19-Mar-2010
...which is hardly an exclusive club. We note that Mr Tam is a former member of the HK Productivity Council and the Government's Small and Medium Enterprises Committee. We also not that Swire Pacific sold its half of the company to Suez Environnement (which owns the other half) for HK$1,888m in Sep-2008. The venture also operates landfills in HK under government contract.
The paid advert opposing the blackout rule
Click on "Orgs" or "People" below to get a list of signatories, scroll down, then click on their names to go to the signatory you are interested in. (29-Dec-2008)

Takeover Panel decision against waiver of general offer obligation for HAECO.
SFC, 10-Dec-2008
Note:The Panel deferred the publication of its decision at the request of Swire Pacific Ltd due to the confidential and price-sensitive nature of the matter at the time. It was published on 19-Jan-2009.
Vampire - Nothing Left to Prove
Last week saw AGMs of CITIC Pacific, Hysan, Li & Fung, China Unicom, Cathay, Swire, HK Electric and CKI. In every case, a majority of investor votes were against the 20% cash issue mandate, but controllers pushed it through. With 10 HSI companies now having voted, Project Vampire has nothing left to prove - investors have voted on average by more than 2 to 1 against the issue mandate. It's time for the regulators to act. (16-May-2004)
Vampire bites Swire
At Swire Pacific's AGM on Thursday, investors voted by about a 57% margin against the general issue mandate, sending the same message that investors sent to associate Cathay Pacific the day before. (18-May-2003)
Results of AGM & Class Meetings
Company announcement, 16-May-2003
Swire Pacific Voting Recommendations
The 10th AGM in Project Poll is on 15-May-03. We recommend investors to vote against the re-election of the group's only Principal Banker as an independent director, and against the general mandate. The AGM is followed by separate A-Share and B-share meetings. (5-May-2003)

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