Thursday 1st October 2015
Dear Reader,
NEW ARTICLE
Bubble
warning: MPG (8147)
This stock closed at a record daily high of $12.40 on Wednesday, 91.8x
its listing price for a US$1.67bn bubble, but even as a shell, in our view it is
only worth about $0.25, for 98% downside. (1-Oct-2015)
RECENTLY IN WEBB-SITE
REPORTS
Tung Chao
Yung, born with the Republic of China
A historic document reveals the date of birth of shipping tycoon C Y
Tung, father of HK's first Chief Executive. (27-Sep-2015)
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate
several ongoing abusive "open offers" and placings as well as show you who's
been making out in multi-billion-dollar bubbles. We call on regulators and
rule-makers to take action. (24-Sep-2015)
Hao
Wen, Capital VC and Unity
Webb-site finds questionable cash investments at extremely high
valuations which link together 3 listed companies. We urge the SFC's corporate
misconduct team to investigate. (24-Sep-2015)
IN OTHER NEWS
PECS Register monthly update
HK Government,
30-Sep-2015
On Real (8245): allotments and concentration warning
Company announcement, 29-Sep-2015
The top
25 placees have 94.18% of the float.
FDB (8248): allotments and concentration warning
Company announcement, 29-Sep-2015
The top
25 placees have 99.44% of the float, and the top 10 have 91.76%.
HKTV (1137) v OFCA
HK Court of First
Instance, 29-Sep-2015
Note: the judgment confuses two companies.
HKMTV is the new name of "China Mobile Hong Kong Corporation Limited" which was
acquired by HKTV in Dec-2013 from China Mobile Hong Kong Company Limited. There
was no assignment of the license, just a renaming of the company.
Webb on anniversary of Umbrella Movement
CNBC, 28-Sep-2015
Webb on Shanghai market and PRC economy
CNBC,
27-Sep-2015
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 21,000 subscribers. If you enjoy the site, then please
invite a friend to find out
what they are missing and subscribe!