INTEGRATED DISTRIBUTION SERVICES GROUP LIMITED

Court sets pre-trial date 12-Sep-2017 for IDS insider dealing case
SFC, 26-Jul-2017
SFC commences insider dealing prosecutions over IDS privatisation
SFC, 9-Jun-2017
Mr Lam Yik Tung is alleged to have tipped his friends in Aug-2010. According to Webb-site Who's Who, he worked for BNP Paribas until 17-Apr-2014. BNP Paribas was the independent financial adviser to Li & Fung Ltd on the privatisation.
Li & Fung/IDS: special treatment for 1 shareholder
While this will benefit CCASS Participants, it plays fast-and-loose with the Bermuda Companies Act and the Takeover Code. It would have been better to amend the scheme to allow all registered shareholders to make partial elections, rather than coming to an "arrangement" with one registered shareholder outside the terms of the scheme. (28-Sep-2010)
Li & Fung/IDS offer has sting
The all-or-nothing nature of the share alternative, now worth 23% more than the cash offer, means that CCASS, which holds almost all the public shares in IDS, cannot offer the share alternative to its participants. Webb-site urges Li & Fung and IDS to amend the scheme to allow registered holders to make partial elections for shares. Otherwise, if you snooze, you lose. (24-Sep-2010)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top