Monday 5th January 2009
Dear Reader,
Happy new year!
NEW ARTICLE
Pay-Shek
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)
Tycoons whinge
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
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