Sunday 19th January 2014
Glorious failure in the Cayman Islands
We look at the curious circumstances behind the failed privatisation of Glorious Property (0845) and call on the Cayman Islands and Bermuda, where 75% of HK-listed companies are incorporated, to follow HK in abolishing the headcount test. (19-Jan-2014)
RECENTLY ON WEBB-SITE
Does gender diversity add value to HK boards?
We present empirical evidence, using the Webb-site Total Returns series on all stocks and Webb-site Who's Who for all boards in HK over the last 10 years to 2013. (17-Jan-2014)
IN OTHER NEWS
Company director in court for alleged bribe for US$4m loan
Perhaps he thought HK banks work like mainland ones. Fast work by the ICAC - Wednesday he's at the bank, Friday he's in court.
Sun Hung Kai Investment Services Ltd v Quality Prince Ltd & others
HK Court of First Instance, 13-Jan-2014
SHK (0086) loses its case against Jane Chan Yam Fai, widow of Lam Sai Wing, the founder of 3D-Gold Jewellery. SHK is pursuing a HK$36m debt (as of 13-Oct-2008, plus interest since). The judge finds that she signed the guarantee under undue influence of her husband, and thereby flushes the claim down the golden toilet for which Lam was famous.
And much more besides...
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