Monday 5th January 2009
Happy new year!
Sheltered by the immunity of the Legislative Council last week, Legislator for concrete Abraham Shek asked rhetorically whether the HKEx Head of Listings is working for David Webb. Well of course, he isn't, but we'll tell you whom Mr Shek is working for. Listed companies pay him as a director about 5 times what he earns as a legislator. (5-Jan-2009)
RECENTLY ON WEBB-SITE.COM
Liquidators suspect fraud at Peace Mark
A court judgement published on Monday this week sheds some light on the situation found by the provisional liquidators at Peace Mark (0304). We expect the Police Commercial Crime Bureau to investigate. (24-Dec-2008)
over blackout period
Tycoons are making a last-minute effort to undo a HK Listing Rule change which will prohibit directors from dealing between the end of a financial period and the release of the results, starting from 1-Jan-09. The regulators should not U-turn. (23-Dec-2008)
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David M Webb