Thursday 15th October 2015
Dear Reader,
NEW ARTICLE
The six
invalid directors of Sunway (0058)
Our analysis shows that 6 people appointed as directors before the 2015
AGM failed to stand for election at the meeting and hence ceased to be
directors, so Sunway currently only has 4 valid directors. We also look at the
acquisition in relation to which one of the invalid directors and the Guarantor
are now being sued by Sunway, which has reported them to the Zhuhai
PSB. (15-Oct-2015)
RECENTLY IN WEBB-SITE
REPORTS
KTL (0442)
just believes
KTL's "reasons" for a stock split proposal are just beliefs without
reason, and those beliefs are wrong. (14-Oct-2015)
CAID (0048)
gains from umbrella bubble
Following a Webb-site complaint to regulators, CAID has revealed 3
holdings, including umbrella maker China Jicheng (1027), still trading at over
70x NAV. CAID expects the investments to contribute a positive return in the
near future, but doesn't say why. Meanwhile Lerado (1225) hasn't said how it
made similar gains. Is it also in the umbrella bubble? (10-Oct-2015)
IN OTHER NEWS
Hao Wen (8019): our new ED isn't SFC-licensed after all
Company announcement, 14-Oct-2015
This
follows a Webb-site filed a complaint that we could not find Annie Tsui (who
gives no Romanised Chinese name) in Webb-site Who's Who, which includes all SFC
licensees, past and present.
And much more besides...
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