New World (0017) to donate 3m sq ft of land

There was no mention of a farmland giveaway in today's annual results. Having bought the land with shareholders' money, the directors should explain how giving it away enhances shareholder value. If it doesn't, that's a breach of fiduciary duty. What do they expect the company to gain in return? Is this just a kowtow to deter further government intervention, or to get permission to develop better land? Why not instead support abolition of corporate voting for the CE Election Committee and Legislative Council? No, that would be too much!

Organisations

HKSAR Election Committee 香港特別行政區選舉委員會
HKSAR Legislative Council 香港特別行政區立法會
NEW WORLD DEVELOPMENT COMPANY LIMITED 新世界發展有限公司

Topics

Electoral reform
Politics
Real estate

Recommend Webb-site to a friend

In this article

Organisations

Topics