Tuesday 24th September 2013

Dear Reader,

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)

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)

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.

Pass it on!
This free newsletter goes to over 20,000 practitioners, issuers, regulators and investors in Hong Kong's markets. If you enjoy Webb-site, then please invite a friend to find out what they are missing and subscribe! Visit our archives, and do your homework before you invest.

Remember that, apart from our occasional articles, you can follow our daily updates on HK events via RSS, Twitter, or Facebook.

Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to Webb-site.com.