Friday 1st May 2020
Dear Reader,
NEW ARTICLE
Government misled LegCo over COVID-19 broker handout
Applying to the Finance Committee, the Government made claims which it knew or
should have known were false and misleading. It was either lying or reckless.
Webb-site tells you the truth. (1-May-2020)
RECENTLY ON WEBB-SITE
Non-dispersable gatherings
We hereby "sternly clarify" that
the Police and Secretary for Justice are wrong to claim that groups of 4
standing more than 1.5 metres apart constitute a single gathering if they have a
common purpose. The Group Gathering Regulation allows for multiple,
non-dispersable gatherings and contain no reference to the purpose of
participants. We also show how to optimise use of available space. (28-Apr-2020)
COVID-19:
where do we go from here?
HK is essentially clean: data
indicate the latest community transmission was 24 days ago. A potential travel
network of clean quarantined countries is emerging, but many others are pursuing
a mitigation approach, flattening the curve but leading to the likely premature
death of 0.5% of their populations unless interrupted by a vaccine or treatment.
We find lessons to be learned from HK's early mistakes. HK should maintain its
quarantine and its people should now be free to enjoy their city. (27-Apr-2020)
IN OTHER NEWS
Union Medical Healthcare (2138) issues shares to Champion REIT (2778) | Wrong
turn for REITs
Company announcement,
29-Apr-2020
Instead of 5 months' rent from March to July 2020, the
REIT gets 0.812% of its tenant's enlarged shares at $4.20 per share, valued at
HK$33.9m. In our view, REITs should not be investing in the stock market, as we
said when we objected to amending the Code on REITs to allow this in 2014. The
SFC went ahead and did it anyway.
Webb on
"Backchat" re COVID-19, border quarantine, QUIET Area and social controls
RTHK, 29-Apr-2020
And much more besides...
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David M. Webb
Editor, Webb-site.com