Thursday 1st October 2015

Dear Reader,

Bubble warning: MPG (8147)
This stock closed at a record daily high of $12.40 on Wednesday, 91.8x its listing price for a US$1.67bn bubble, but even as a shell, in our view it is only worth about $0.25, for 98% downside. (1-Oct-2015)

Tung Chao Yung, born with the Republic of China
A historic document reveals the date of birth of shipping tycoon C Y Tung, father of HK's first Chief Executive. (27-Sep-2015)

Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)

Hao Wen, Capital VC and Unity
Webb-site finds questionable cash investments at extremely high valuations which link together 3 listed companies. We urge the SFC's corporate misconduct team to investigate. (24-Sep-2015)

PECS Register monthly update
HK Government, 30-Sep-2015

On Real (8245): allotments and concentration warning
Company announcement, 29-Sep-2015
The top 25 placees have 94.18% of the float.

FDB (8248): allotments and concentration warning
Company announcement, 29-Sep-2015
The top 25 placees have 99.44% of the float, and the top 10 have 91.76%.

HKTV (1137) v OFCA
HK Court of First Instance, 29-Sep-2015
Note: the judgment confuses two companies. HKMTV is the new name of "China Mobile Hong Kong Corporation Limited" which was acquired by HKTV in Dec-2013 from China Mobile Hong Kong Company Limited. There was no assignment of the license, just a renaming of the company.

Webb on anniversary of Umbrella Movement
CNBC, 28-Sep-2015

Webb on Shanghai market and PRC economy
CNBC, 27-Sep-2015

And much more besides...
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