Tuesday 24th February 2009
Dear Reader,
How nice to be able to recommend a privatisation offer for a change...
NEW ARTICLE
Accept Nam Tai's
offer for NTEEP
It is now proven that the Dec-07 acquisitions by NTEEP (2633.HK) from its parent
(NYSE:NTE), which we opposed, destroyed shareholder value. Today NTE has
launched a privatisation offer at HK$1.50 per share. Webb-site.com editor
David Webb holds over 10% of the float and intends to accept the offer - we
explain why. (24-Feb-2009)
RECENTLY ON WEBB-SITE.COM
HKEx
invents square wheel
HKEx has reportedly approved a new rule which will make it the only market in
the world to have no price caps in regular trading but a limit on movements
during the closing auction, thereby locking in any manipulation that occurs just
before the auction. Many developed markets have adopted random auction
closing-times to deter manipulation, which HKEx did not even allow for in its
recent consultation. (12-Feb-2009)
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David M Webb
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