Friday 8th February 2019
Kung Hei Fat Choy and welcome to the Year of the Swine.
Chairman pledges controlling stake in IBO Tech (2708) to China Fortune (0290)
Webb-site can reveal that Mr Lai Tse Ming has pledged his 55.8% stake for a HK$155m loan from a money-lender, something that neither he nor IBO Tech has disclosed. (8-Feb-2019)
RECENTLY ON WEBB-SITE
A simpler, fairer tax system
There are calls for a rental deduction for HK salaries tax, to compensate for the mortgage interest deduction. Both miss the point. Governments should not use tax breaks to distort consumer choice. Give people unconditional higher personal allowances instead, and introduce a flat rate of tax above that. Also, abolish the tiered rate of profits tax and the R&D deduction, 2 gimmicks introduced by Carrie Lam. (30-Jan-2019)
stock-plunges happen so often in HK
We explain the 20-year history to a statutory loophole which keeps investors in the dark on share pledges. (24-Jan-2019)
IN OTHER NEWS
'Excellent Wife' cooking class offered by Hong Kong gas supplier
As first reported by Webb-site.com. We're looking forward to the "Excellent Husband" how-to-repair-a-gas-stove course.
ONC Lawyers v John Yiu Wing Ching
HK District Court, 1-Feb-2019
And much more besides...
Remember that, apart from our occasional artisan articles, you can follow Webb-site Reports via RSS, Twitter, Facebook or Google+ (closing soon).
Pass it on!
This free newsletter goes to over 27,000 subscribers. If you enjoy the site, then please invite a friend to find out what they are missing and subscribe!
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.
David M. Webb