SFC welcomes reappointment of Angelina Lee as NED...
SFC, 16-Jul-2010
...well, we suppose someone's got to. She's also an NED of Henderson Land and Cheung Kong Infrastructure, for whom her law firm does business, and Great Eagle and Tom Group.
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
No Exceptions?
Two months ago the SEHK and SFC introduced standardised waivers of the GEM listing rules. Despite its denials of preferential treatment, the Exchange has still not levelled the playing field by tightening the waivers on share options and lock-ups granted to and Indeed, the wording on's option limit has been relaxed further. Now the Exchange proposes a similar amendment to the option limits on the main board. Dilution city here we come. (14-May-2000)
A Brief History of Tom
Tom-foolery abounds as we walk you through the financial wizardry which created a paper US$ billionaire who is not even on the board of the company. We also take a look at the business model of this company, which we predict will burn the Tom-thumbs of investors. (21-Mar-2000)
GEM Waivers Reviewed
Following our recent criticisms of the confetti of waivers granted by GEM, the SFC and SEHK have hammered out a compromise which relaxes some rules but contains some encouraging news and a minor victory for minority shareholder protection. However, the new proposals are being effected before public consultation, and by the time this is over too many horses will have bolted. The whole affair underlines the need to transfer the listing division to the SFC and let the Exchange focus on exchanging. (12-Mar-2000)
Reacting defensively to our previous article and others that followed, the SEHK issued a statement claiming that no preferential waivers have been granted to anyone. Their announcement contained a number of misleading statements which cannot go unanswered. We also look at how a good governance framework would improve investor returns and lower the cost of capital to Hong Kong issuers. (7-Mar-2000)
Webb cites dickens of hurry over Tom
South China Morning Post, 23-Feb-2000
Waivers Galore for
The SEHK, demonstrating the inherent conflict between its regulatory role and its future role as a profit-making company, has begun waiving listing rules in a wholesale fashion to attract new listings. We look at the 3 major waivers granted to on placings, lock-ups and a five-fold increase in share options, and at the wider issue of regulatory decay through competition. (21-Feb-2000) - Sold!
What price begins its coverage of the IPO by revealing the price that the company paid for its shiny second-hand domain name, setting a record for a domain purchase by a non-US buyer, and potentially a world record. (19-Feb-2000)

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