Saturday 19th November, 2005

Dear Reader,

NEW ARTICLE
Nam Tai's Bids and Bounty (19-Nov-05)
We look at the attempt by Nam Tai Electronics (NYSE:NTE) to privatise its HK-listed subsidiaries NTEEP (2633) at a 54% discount to the price at which it floated it last year, and J.I.C. Technology (0987). We also look at NTE's offer of a 1% "commission" to brokers who solicit their clients to accept the offer, conditional on the offer succeeding. By permitting this bounty, the SFC has at a stroke removed the possibility of brokers giving untainted independent advice to clients. That is not in the best interests of the market.
https://webb-site.com/articles/namtai.asp

RECENTLY ON WEBB-SITE.COM
Henderson Investment, Round 2 (10-Nov-05)
Here we go again. It doesn't seem like three years ago that Henderson Land tried to privatise Henderson Investment at $7.60 per share. Now they are back with a higher, paper-only offer, valued at $12.90 tonight. We give our views.
https://webb-site.com/articles/HIround2.asp

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David M Webb
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