Stop the Scripless U-turn
Investors were in the dark for 4 years about plans to tear up a model that was first recommended by the Hay Davison Report in 1988, has worked in Australia since 1999, and was legislated in HK in 2015 but never actioned. Our extensive discussions with SFC and HKEX reveal no legitimate issues. We urge legislators to reject this U-turn and the SFC to proceed with the legislated model. The stench of vested interests is overpowering. (30-Apr-2019)
HKEx screws up voting at Hang Lung Properties (0101) AGMCCASS analysis
HKEX, 4-Nov-2010
HKSCC is owned by HKEx and operates the Central Clearing and Automated Settlement System (CCASS). Looking at the Webb-site CCASS Analysis, we can see that the 873.982m missing votes exactly matches the number of shares held by subsidiaries of Hang Lung Group Ltd (0010) in their Investor Participant accounts. Ironically, HKEx Chairman Ronald Arculli has been an INED of HLP for 30 years.

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