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New World (0017) to donate 3m sq ft of land
There was no mention of a farmland giveaway in today's annual results. Having bought the land with shareholders' money, the directors should explain how giving it away enhances shareholder value. If it doesn't, that's a breach of fiduciary duty. What do they expect the company to gain in return? Is this just a kowtow to deter further government intervention, or to get permission to develop better land? Why not instead support abolition of corporate voting for the CE Election Committee and Legislative Council? No, that would be too much!