KOWLOON-CANTON RAILWAY CORPORATION 九廣鐵路公司

Webb on RTHK Newswrap re West Kowloon-Shenzhen railway
RTHK, 1-Feb-2016
Submission to LegCo on XRL
Webb-site has today made the following submission to the Legislative Council Finance Committee and its Public Works Subcommittee regarding the HK section of the Express Rail Link to Shenzhen. (14-Jan-2016)
MTRC and the new Kowloon-Canton railway
We call on Government to disclose what the revenue-sharing deal with China Railway will be and to lease XRL directly to China Railway rather than MTRC, leaving MTRC to run the HK network. The MTRC special dividend should be unconditional and should be increased from $4.40 to $11 per share, slimming down the obese balance sheet to a healthy weight. (12-Jan-2016)
Six months' jail for HK$120k service payment fraud
ICAC, 27-Jan-2014
MTRC (0066) and the FAM
We remind the board of MTRC that although they hold a blanket waiver of the Listing Rules on connected transactions, they cannot agree to amend the Fare Adjustment Mechanism if they expect it to reduce profits, because it would breach their fiduciary duty to minority shareholders. If the Government really wants to run the transport system and set fares, then they should nationalise it. (27-Mar-2013)
33 months' jail for bribing KCRC freight manager
ICAC, 9-Aug-2012
HKSAR v Zhou Zhao Bin
HK Court of Appeal, 2-Aug-2002
HKSAR v John Timothy Leung (aka Leung Chiu Ming)
HK Court of Appeal, 16-Jan-2001

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