Friday 21st November 2014

Dear Reader,

Please sign the petition to HKEx to keep 1-share-1-vote.

Submission to HKEx on Weighted Voting Rights
Webb-site calls on HKEx to keep 1-share-1-vote and not to introduce second-class shares or allow companies to install trapdoors in their articles of association. We also launch a petition - please sign it if you agree! (21-Nov-2014)

Blowing the whistle on Sinoref (1020)
The latest deal deserves attention from the SFC's corporate misconduct team. We also find improbably high profit margins which have now collapsed, a big receivables problem, and two changes of board, the latest after a character from our 2012 "Raking Muck" series reappears. (12-Nov-2014)

ICube (0139) lends HK$75m to Cordoba Homes Ltd
Company announcement, 14-Nov-2014
The announcement fails to say who owns the borrower. As far as we know, at 18-Sep-2012 it was 100% owned by HEC Capital Ltd, which is at the core of what we call the "Chung Nam Network". ICube invested HK$65m in shares of HEC Capital Ltd on 22-Sep-2014.

Freezing injunction against Greencool’s ex-chairman extended
SFC, 14-Nov-2014

HKSAR v Mak Chai Kwong & Tsang King Man
HK Court of Appeal, 14-Nov-2014
The former Secretary for Development and his co-defendant lose their appeal.

Hysan Development (0014) v Town Planning Board
HK Court of Appeal, 13-Nov-2014

SFC v China Metal Recycling (0773) & Jacky Chun Chi Wai
HK Court of First Instance, 12-Nov-2014

And much more besides...
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