Thursday 13th October 2016
Dear Reader,
NEW ARTICLES
Alleged
hacked BOCI account explains Pa Shun Pharma (0574) surge
A Cyberport-based investment company alleges that an unauthorised
person logged into its BOCI account and bought up 4.92% of PSP at an average 36%
above the previous day's close, draining its account of about HK$37.7m. The SFC
has today commenced a general cybersecurity review on brokers' systems after 16
incidents in the last 12 months involving over HK$100m. (13-Oct-2016)
SFC warns market on CIFG (0412)
Following Webb-site's bubble warning on 26-Sep-2016, the SFC has
conducted an ownership investigation. (13-Oct-2016)
RECENTLY ON WEBB-SITE
Pass
the cyclotrons
Starting in the basement of St Teresa's Hospital, visiting the Science
Park and analysing 12 years of transactions with some lucky disclosure on BVI
owners, we follow the movements of 2 cyclotrons in and out of listed companies
and show you where the money was made and lost. (11-Oct-2016)
Hiding behind the cornerstones
Webb-site reveals that investors who took 31% of a bank IPO had
secretly laid off their risk by issuing derivatives to a mainland property
developer from the same city, via two HK-listed companies which incidentally are
bubble stocks. When we complained, HKEX did not require disclosure of the bank’s
identity, thereby preserving the secrecy behind the cornerstone investors which
facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest
is exposed. (3-Oct-2016)
IN OTHER NEWS
Takeovers
Panel upholds ruling on offer for L & A (8195)
SFC, 12-Oct-2016
SFC suspends
Chris Lo Tsz On for one year
SFC, 12-Oct-2016
For fiddling entertainment expenses at Core Pacific-Yamaichi. After
that, he moved to KGI until 8-Oct-2016. He was downgraded from Responsible
Officer to Representative on 16-Nov-2015, 6 days after his sentencing to 240
hours of Community Service by Eastern Magistrates' Court.
Ex-CE
Donald Tsang faces additional bribery charge
ICAC, 11-Oct-2016
It will be interesting to see whether the alleged
briber, Bill Wong Cho Bau, is prosecuted or testifies under immunity.
And much more besides...
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