Thursday 16th April 2015
Dear Reader,
HK is Partying like it's 1997 - and we all know how that ended, don't we?
NEW ARTICLE
Putting
the FRC in Farcical
In a shocking failure to recognise a basic and obvious accounting and
auditing error, HK's Financial Reporting Council rejected our complaint. The
listed company involved has now admitted the error. We call on the FRC's Process
Review Panel to investigate how it deals with complaints. (16-Apr-2015)
RECENTLY ON WEBB-SITE
Lee Kuan
Yew arrives in Liverpool, 1946
Singapore was then a British colony, but the entry records record him
as both a citizen of China and British. Also on the same ship were future
leading figures in HK. (30-Mar-2015)
IN OTHER NEWS
Tai Po DC
member Lo Sou-chour jailed for HK$500k false claims
ICAC, 14-Apr-2015
He is bailed pending
appeal.
Concentration warning in King Force Security (8315)
SFC, 13-Apr-2015
Placed at $0.385 last
August, now trading at $9.00. What could possibly go wrong?
HK
Institute of Biotechnology Ltd, financial statements, 30-Jun-2014
Company filing, 11-Apr-2015
Still
receiving grants from "government agencies and third parties", sitting on free
Government land (via CUHK) and in buildings paid for by gamblers via the HKJC,
this body has piles of investments including listed stocks, cash and bonds, as
well as a web site where you won't find these statements.
Synergis (2340) MD arrested and bailed by ICAC
Company announcement, 10-Apr-2015
China Jinhai (0139) lends HK$100m to Freeman Corp Ltd
Company announcement, 10-Apr-2015
Both
companies are in the "Chung Nam Network".
Hatton
Garden Beats Jewel Bandits - Pathe News, 1949
YouTube, 10-Apr-2015
What could possibly
go wrong?
HKICPA
bans Paul Yeung Chai On for 6 months for evasion of debt
HKICPA, 10-Apr-2015
Prosperity (0803) to pay HK$100m for 10% of Hao Tian Finance Co Ltd.
Hao Tian announcement
Company announcement,
9-Apr-2015
Prosperity may be about to enter what we call the "Chung
Nam Network", of which Hao Tian (0474) is a member.
Lorea Solabarrieta Cheung: bankruptcy petition from David Chor Ki Kwong over
costs orders.
HK Court of First Instance,
9-Apr-2015
As the debtor appeared in person at the hearing, the
obvious question is whether she was then served with the petition.
SFC v Ivy Chan Shui Sheung
HK Court of First
Instance, 9-Apr-2015
The ongoing case relates to PME (0379).
Concentration warning in Huazhang Technology (1673)
SFC, 8-Apr-2015
DBS Bank (HK) Ltd v Sit Pan Jit
HK Court of
First Instance, 2-Apr-2015
DBS Bank wins its claim; Mr Sit's
counterclaim for mis-selling Equity-Linked Notes fails.
SFC fines
Merrill Lynch Far East Ltd HK$2m for futures position limit breach
SFC, 1-Apr-2015
China National Culture (0745): our CEO quit 10 months ago...
1-Apr-2015
...but we didn't think it
mattered enough to tell you. His contribution was valuable. Well, not that
valuable. And no, this is not an April Fool's joke.
Woman
charged with bribing public servants over niche application
ICAC, 31-Mar-2015
PECS Register monthly update
HK Government,
31-Mar-2015
District
Court trial starts 2-Nov-2015 for unlicensed dealing prosecution
SFC, 31-Mar-2015
Webb reappointed as a Deputy Chairman of the Takeovers Panel
SFC, 31-Mar-2015
And much more besides...
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