Zhuguang Holdings Group Company Limited
LMH v LWP
HK Court of Appeal, 10-Feb-2012
LWP is almost certainly Leung Wo Ping, an INED of Heng Xin China (8046) and Zhuguang (1176). Whoever he is, the respondent receives almost half his income from being INED of two listed companies and has outgoings exceeding his income and low liquid assets, which brings into question his independence of those companies. He should be redesignated as non-independent.
HK Court of Appeal, 10-Feb-2012
LWP is almost certainly Leung Wo Ping, an INED of Heng Xin China (8046) and Zhuguang (1176). Whoever he is, the respondent receives almost half his income from being INED of two listed companies and has outgoings exceeding his income and low liquid assets, which brings into question his independence of those companies. He should be redesignated as non-independent.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy