Thursday 4th September 2014

Dear Reader,

NEW ARTICLES
ISS recommends against Lerado (1225) sale
Webb-site has learned that ISS, the leading proxy advisory firm, has joined us in recommending voting against the sale of Lerado's core business, due to the excessive capital retention. (4-Sep-2014)

RECENT 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
Ex-Philiip Securities broker & client jailed for bribery
ICAC, 3-Sep-2014

Webb on the "1 2 3 Show" re HKID cards. HKID check digit generator
RTHK, 2-Sep-2014
Start at the 15:20 mark.

And much more besides...
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