Saturday 12 March 2016
Dear Reader,
NEW ARTICLE
Submission on
Electronic Road Pricing
Speak out! Put market forces to work on the roads. Read our response
and then tell the Government whether you agree or disagree. Consultation ends
this Friday, 18-Mar-2016. (12-Mar-2016)
RECENTLY ON WEBB-SITE
One
registration, two companies
Webb-site reveals how a UK company registered in HK and then swapped
names with another one, which illegally kept the HK registration. That company
is now a subsidiary of UK-listed Cobham plc. (7-Mar-2016)
Deception behind the Companies Registry paywall
On International Open Data Day, we reveal a network of knock-off
companies using the CIBC, Credit Suisse and BNP brands, based in HK with
subsidiaries in the UK and New Zealand. If those registries were not free and
open, the deception would remain undiscovered. We call on HK Registrar Ada Chung
to tear down this paywall. (5-Mar-2016)
Preventing
cash shells
Webb-site proposes a new Listing Rule to prevent cash shells. The Cash
Shell Test introduces equity discipline for existing companies and provides
clarity for those proposing transactions and fund-raising. It should be welcomed
by investors, regulators, issuers and their advisers. HKEx needs to build a
proper sanitation system for this village rather than dig a new
cesspit. (3-Mar-2016)
IN OTHER NEWS
Duo admit
fraud over HK Airlines staff discount air tickets
ICAC, 11-Mar-2016
SFC takes
Mayer (1116) and management to MMT over late disclosure
SFC, 11-Mar-2016
SFC bans
Raaj J Shah for 12 months
SFC, 10-Mar-2016
China Capital Strategy Ltd & others v Registrar of Companies
HK Court of First Instance, 9-Mar-2016
And much more besides...
Remember that, apart from our occasional
artisan articles, you can follow Webb-site Reports via RSS,
Twitter,
Facebook or
Google+.
Pass it on!
This free newsletter goes to over 21,000 subscribers. If you enjoy the site, then please
invite a friend to find out
what they are missing and subscribe!
Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted
in any other publication but ONLY if attribution is given to
Webb-site.com.