Great Wall Pan Asia Holdings Limited 長城環亞控股有限公司

Dymocks Franchise Systems (China) Ltd v Norton Rose Fulbright HK
HK Court of First Instance, 28-Jun-2019
The plaintiff wins HK$4.4m in damages for failure by the law firm to advise it about the consequences of the Transfer of Business (Protection of Creditors) Ordinance which left it liable when it stepped in to take over a failing Dymocks franchise at IFC Mall.
SCMP's scoop of nothing on China Resources
This morning's front-page article in SCMP shows a distinct lack of investigative journalism. (26-Apr-2014)
SCMP (0583): no news on public float
Company announcement, 25-Oct-2013
The Suspended China Morning Post has been in the deep freeze for 8 months now.
Scrap the public float rule
Investors in SCMP (0583) are in the deep freeze again, and other companies have indulged in artificial schemes to comply with the 25% public float rule. The rule should be scrapped, because as we explain, it has no real purpose, and because the only way to enforce it is to victimize minority shareholders by suspending their shares. The rule does not serve investor interests. (11-Jun-2013)
SCMP controller "sells" 14.4% to 3 banks, but grants put and gets call option at same price
Company announcement, 2-Mar-2009
Comment: after a year of stock suspension, SCMP's controller, Kerry group, has "sold" 14.4% to 3 banks, cutting its stake to 74.9%. But each bank has a 4-year put option to sell the shares back to Kerry, and Kerry has the option to trigger the put option, making it a call option too, all at the same price, adjusted for divdends plus a 1.1% p.a. fee. The banks keep the "sale" proceeds as collateral. This smoke-and-mirrors really does nothing to increase the float. The free-float rule is clearly obsolete and should just be scrapped. Investors have been deprived of trading opportunity for a year, for this?
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Breach of Listing Rule 8.08
Company announcement, 10-Dec-2008
Breach of Listing Rule 8.08
Company announcement, 10-Sep-2008
Breach of Listing Rule 8.08
Company announcement, 24-Jul-2008
Breach of Listing Rule 8.08
Company announcement, 9-Jul-2008
Breach of Listing Rule 8.08
Company announcement, 15-Apr-2008
Breach of Listing Rule 8.08
Company announcement, 6-Mar-2008
SCMP immunity 'unprecedented'
HK Standard, 30-Mar-2006
Paper struck ICAC deal, hearing told
HK Standard, 29-Mar-2006
Response statement
ICAC, 25-Jul-2004
Response statement
ICAC, 24-Jul-2004
Outcome of SGM
Company announcement, 11-Oct-2002
Stop the Press
SCMP Group, publisher of the leading local English language paper, has admitted it has too much capital and is proposing a share buyback offer which its largest shareholder, Kerry Group, will not accept, thereby increasing its stake above the takeover threshold. Webb-site.com recommends independent shareholders to vote AGAINST the plan and instead urge the company to pay a special dividend. If Kerry wants full control, it should make a privatisation offer. (4-Sep-2002)

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