Friday 21st November 2014
Dear Reader,
Please sign the petition to HKEx to keep 1-share-1-vote.
NEW ARTICLE
Submission to HKEx on Weighted Voting Rights
Webb-site calls
on HKEx to keep 1-share-1-vote and not to introduce second-class shares or allow
companies to install trapdoors in their articles of association. We also launch
a petition - please sign it if you agree! (21-Nov-2014)
RECENTLY ON WEBB-SITE
Blowing the whistle on Sinoref (1020)
The latest deal
deserves attention from the SFC's corporate misconduct team. We also find
improbably high profit margins which have now collapsed, a big receivables
problem, and two changes of board, the latest after a character from our 2012
"Raking Muck" series reappears. (12-Nov-2014)
IN OTHER NEWS
ICube (0139) lends HK$75m to Cordoba Homes Ltd
Company announcement, 14-Nov-2014
The
announcement fails to say who owns the borrower. As far as we know, at
18-Sep-2012 it was 100% owned by HEC Capital Ltd, which is at the core of what
we call the "Chung Nam Network". ICube invested HK$65m in shares of HEC Capital
Ltd on 22-Sep-2014.
Freezing
injunction against Greencool’s ex-chairman extended
SFC, 14-Nov-2014
HKSAR v Mak Chai Kwong & Tsang King Man
HK
Court of Appeal, 14-Nov-2014
The former Secretary for Development and
his co-defendant lose their appeal.
Hysan Development (0014) v Town Planning Board
HK Court of Appeal, 13-Nov-2014
SFC v China Metal Recycling (0773) & Jacky Chun Chi Wai
HK Court of First Instance, 12-Nov-2014
And much more besides...
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