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Hands in the Till at Dah Hwa
Webb-site.com, 4-Feb-2002
The controlling family shareholder of HK-listed leather trader Dah Hwa International helped themselves to 32% of the shareholders' funds as unsecured interest-free "advances" and the independent directors did not prevent it. This story shows you just how ineffective INEDs can be when they are appointed by controlling shareholders.

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