Sunday 7th December 2014
Dear Reader,
NEW ARTICLES
Moving on from Occupy
to the Central Issue
The protesters have overstayed their
welcome in Admiralty. They should withdraw and set a new deadline for C Y Leung
to do the right thing: send a new report to the NPCSC, recommending restoring
the nomination threshold to 12.5% from 50%. That would achieve free and fair
elections without civic nomination. After all, only 305 members of the
1200-member committee nominated him in 2012. A New Year's Day march should
celebrate or protest his choice. Sign the petition! (7-Dec-2014)
The right to remember: keeping public data public
The slides
from a speech by Webb-site founder David Webb to the AGM of the Hong Kong
Library Assocation tonight. (5-Dec-2014)
NEWS ROUNDUP
HKICPA
bans Simon Chan Po Kau from practising for 1 year and fines him HK$20k
HKICPA, 4-Dec-2014
SFC
criticises Mr Wen Yibo for breach of Takeovers Code
SFC, 4-Dec-2014
Concentration warning in Loco HK (8162).
CCASS changes since listing
SFC, 27-Nov-2014
ICube (0139) lends up to HK$50m to Freeman Corp Ltd
Company announcement, 3-Dec-2014
That's on
top of the HK$88m it invested in the same company in September. Both companies
are in the "Chung Nam Network".
HKSAR v Mable Woo Mei Bo
HK Court of Appeal,
3-Dec-2014
“when a person only has less than $4,000 in his/her bank
account on a certain date, he/she must know that a bank statement which
purportedly states that he/she had a balance of US$200 million in that account
on that date is false”. Bail pending appeal is denied.
Company
director gets 30 months for bribery over US$4m bank loan
ICAC, 2-Dec-2014
There once was a man
named Zhong,
He definitely did something wrong.
He offered a bribe to a
banker,
And now he's in jail, So let's thank her.
Angela Ho & Associates v Phyllis Kwong Ka Yin
HK Court of First Instance, 2-Dec-2014
Paragraph 42 and 48: "Since there is evidence before the court to show that Ms
Kwong's firm has made contingency fee agreements with the ultimate clients, I
consider it my duty to report the matter to the Law Society..."
Kwoon Chung Bus (0306) v Admiralty democracy protesters
HK Court of First Instance, 1-Dec-2014
Note from the maps that the injunction does not affect the main occupation strip
of Connaught Road Central between Cotton Tree Drive and Tim Mei Avenue.
ICube (0139) buys 15/F China United Centre in shell from Qualipak (1332).
Qualipak announcement
Company announcement,
28-Nov-2014
Both companies are in what we call the "Chung Nam
Network". By transferring the BVI shell they avoid HK$7.82m of Double Stamp Duty
at 8.5%.
IO
chairlady faces court for allegedly disclosing identity of person under ICAC
probe
ICAC, 28-Nov-2014
Police
Sergeant and two others in court for alleged bribery and operating gambling den
ICAC, 28-Nov-2014
PECS Register monthly update Part 1.
Part 2
HK Government, 28-Nov-2014
Re: Francis Ho Kai Wa
HK Court of First
Instance, 28-Nov-2014
The ex-solicitor is declared bankrupt for the
second time - he was there from 2002-2006.
Concentration warning in Loco HK (8162).
CCASS changes since listing
SFC, 27-Nov-2014
HKICPA
bans Chau Li Shan, former Moulin accounting manager for 2 years
HKICPA, 27-Nov-2014
Ms Chau testified
under immunity at the criminal trial of directors. This case serves as a warning
to qualified accountants working at listed companies - you cannot turn a blind
eye to fraud and claim that you were just acting under orders, and you have a
positive obligation to blow the whistle, first to management or non-executive
directors, and if they don't act, then to authorities directly, such as the SFC
or police.
And much more besides...
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