Sunday 19th January 2014
Dear Reader,
NEW ARTICLE
Glorious failure
in the Cayman Islands
We look at the curious circumstances
behind the failed privatisation of Glorious Property (0845) and call on the
Cayman Islands and Bermuda, where 75% of HK-listed companies are incorporated,
to follow HK in abolishing the headcount test. (19-Jan-2014)
RECENTLY ON WEBB-SITE
Does gender diversity
add value to HK boards?
We present empirical evidence, using
the Webb-site Total Returns series on all stocks and Webb-site Who's Who for all
boards in HK over the last 10 years to 2013. (17-Jan-2014)
IN OTHER NEWS
Company
director in court for alleged bribe for US$4m loan
ICAC, 17-Jan-2014
Perhaps he thought HK
banks work like mainland ones. Fast work by the ICAC - Wednesday he's at the
bank, Friday he's in court.
Sun Hung Kai Investment Services Ltd v Quality Prince Ltd & others
HK Court of First Instance, 13-Jan-2014
SHK
(0086) loses its case against Jane Chan Yam Fai, widow of Lam Sai Wing, the
founder of 3D-Gold Jewellery. SHK is pursuing a HK$36m debt (as of 13-Oct-2008,
plus interest since). The judge finds that she signed the guarantee under undue
influence of her husband, and thereby flushes the claim down the golden toilet
for which Lam was famous.
And much more besides...
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