Monday 1st September 2014
Dear Reader,
We're back from the summer.
NEW ARTICLES
Veto Lerado (1225) sale until they pay up
We call on Lerado
shareholders to veto the sale of its core business unless and until the board
increased the proposed special dividend from $0.30 to at least HK$1 per share.
We would rather hold a stake in a real business than get trapped in another
shell trading at a discount to its net cash. Management only owns 33%, so they
had better listen to investors and revise the plan. David Webb holds just under
8%, and we need your support. (1-Sep-2014)
Soon, we can all
be rubber stamps
Our take on yesterday's command from
Beijing. (1-Sep-2014)
IN OTHER NEWS
Reasons why Fujian Nuoqi (1353) mainland listing was rejected by CSRC on
9-Nov-2011
CSRC, 27-Aug-2014
HKICPA
fines Mr Chui Yiu Chung HK$20k + costs
HKICPA,
26-Aug-2014
Roger Tsui
Chi Fung banned for 9 months for providing false information to SFC
SFC, 26-Aug-2014
The
ruling: LME is an organ of the UK Government, and was not engaging in
"commercial" activity
US Court: Southern
District, New York, 25-Aug-2014
The judge grants sovereign immunity
and says: "Whether the LME manipulated its load-out rules to make more money is
irrelevant to whether it was a 'commercial' activity as defined".
Solicitor Wu Wing-kit & wife of former ED of Natural Dairy (0462) guilty
ICAC, 25-Aug-2014
Ex-senior executives of China Mining Resources (0340) jailed.
Hall of
Shame
ICAC, 25-Aug-2014
The former
director, Peter Joseph Luk Kin, thereby enters the Webb-site Hall of Shame.
And much more besides...
Remember that, apart from our occasional
artisan articles, you can follow Webb-site Reports via RSS,
Twitter, or
Facebook.
Pass it on!
This free newsletter goes to over 20,000 subscribers. If you enjoy the site, then please
invite a friend to find out
what they are missing and subscribe!