Tuesday 24th September 2013
Dear Reader,
NEW ARTICLE
McAjisen
Ajisen (0538) has a new COO with a criminal
record for corruption. But on the plus side, he is a graduate of prestigous US
university CalTech - or is he? That's not what the court was told. (24-Sep-2013)
RECENTLY ON WEBB-SITE
Alibaba's spotlight on HK regulation
10 years after the
Expert Group report, Alibaba's requests spotlight the unresolved conflict of
interests of HKEx between profit and regulation, creating an opportunity for
Government to put this back on the agenda. They should now follow through, strip
HKEx of its regulatory role, create a Listings and Takeovers Authority under the
SFC, and remove the special provisions of HKEx's own constitution which make it
a Government-controlled company. (18-Sep-2013)
Women and the size of
HK boards
Webb-site has completed a database on HK-listed boards
since 1990. We begin a series of analyses on board composition, starting with
the number and proportion of women on boards, and the size of boards in response
to changing rules on the number and proportion of "independent"
directors. (13-Sep-2013)
IN OTHER NEWS
Wison Engineering (2236): some records seized, bank accounts frozen, Chairman
uncontactable
Company announcement, 19-Sep-2013
Censure of Dream (1126) and various directors
SEHK, 18-Sep-2013
Webb-site filed a complaint about this with SEHK on
11-Aug-2011.
SFC
commences disciplinary proceedings against Wong Kwan and others under Takeovers
Code
SFC, 18-Sep-2013
The hearing
will be open to the public - this is the first such hearing since the Takeover
Code was amended to open the doors on 1-Apr-2008.
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