Saturday 17th November 2018
Dear Reader,
NEW ARTICLE
41
endangered stocks
If HKEX proceeds with an ill-conceived Listing Rule change, companies
with disclaimed audit reports for 2019 will be suspended and likely delisted,
victimising minority shareholders. We now list those with disclaimed audits up
to 30-Jun-2018 which would be affected if the rule applied today. Make your
submission to stop this nonsense! (17-Nov-2018)
RECENTLY ON WEBB-SITE
Freedom
and the future of China
This is the text of a High Table dinner speech delivered by Webb-site
founder David Webb to the students of Chi Sun College, University of Hong Kong,
this evening. Hyperlinks have been added. (30-Oct-2018)
IN OTHER NEWS
HKICPA
fines Miss Lee Po Chi and Deloitte Touche Tohmatsu HK$50k each
HKICPA, 13-Nov-2018
Over bad audit work on
Culturecom (0343) regarding its stake in China Bio Cassava (8129), now known as
Cloud Investment Holdings Ltd.
HKICPA
fines Sunny Leung Kin Sun and his firm jointly HK$80k
HKICPA, 9-Nov-2018
In relation to defective
work on the audit of Ting Wai Monastery Ltd.
HKICPA
fines Mr Law Ka Lok & Latitude CPA Ltd jointly HK$40k
HKICPA, 6-Nov-2018
In a classic "the dog ate
my homework" excuse, Latitude claimed that there had been unauthorised deletion
and consequent permanent loss of audit documentation on the firm's computer
server. So in essence, they were fined for not having backups.
CFA
dismisses appeal by solicitor and sisters in fraud case involving overseas
listed securities
SFC, 31-Oct-2018
And much more besides...
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David M. Webb
Editor, Webb-site.com