Clear Water Bay Land Company Limited
Shaw Brothers proposes sale of "agricultural land" to Mona Fong
Company announcement, 13-Aug-2008
The announcement does not disclose what value the land would have on a redevelopment basis. It remains unclear whether the land would still fit within the Listing Rules exemption from minority shareholders' approval if it was revalued for its development potential. Thankfully, the company is under a possible takeover offer, so the transaction requires minority shareholder approval under the Takeover Code.
Company announcement, 13-Aug-2008
The announcement does not disclose what value the land would have on a redevelopment basis. It remains unclear whether the land would still fit within the Listing Rules exemption from minority shareholders' approval if it was revalued for its development potential. Thankfully, the company is under a possible takeover offer, so the transaction requires minority shareholder approval under the Takeover Code.
Lights, camera...budget!
We look at the recent history of HK Government intervention in the movie industry, the land grants involved, and the proposal to throw HK$300m of public money into private movie production. We urge LegCo to cut this scene from Hong Kong's script. Tell them what you think in our opinion poll. (9-Mar-2007)
We look at the recent history of HK Government intervention in the movie industry, the land grants involved, and the proposal to throw HK$300m of public money into private movie production. We urge LegCo to cut this scene from Hong Kong's script. Tell them what you think in our opinion poll. (9-Mar-2007)
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