Shenzhen Expressway Corporation Limited 深圳高速公路集團股份有限公司
The Shenzhen Connection
When is a controlling shareholder not a related party? When it is the Shenzhen Government. At midnight two nights ago, the government took over the toll roads operated by their HK-listed issuer Shenzhen Expressway without prior announcement or minority shareholders' approval. We look at the double standards employed by HKEx in their special treatment of PRC government-controlled companies. (20-Mar-2003)
When is a controlling shareholder not a related party? When it is the Shenzhen Government. At midnight two nights ago, the government took over the toll roads operated by their HK-listed issuer Shenzhen Expressway without prior announcement or minority shareholders' approval. We look at the double standards employed by HKEx in their special treatment of PRC government-controlled companies. (20-Mar-2003)
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