Saturday 25th May 2013

Dear Reader,

NEW ARTICLE
Porky Yorkey
We call on fellow independent shareholders of Yorkey (2788.HK, 9188.TT) to vote against the connected transactions and demand a distribution of HK$0.81 per share. The stock trades at $0.65, a 39% discount to its cash and a 55% discount to its NAV. (25-May-2013)

IN OTHER NEWS
Webb on "Backchat" re HKMEx
RTHK, 23-May-2013

Barry Cheung takes leave of absence from public service positions
HK Government, 21-May-2013
He follows in the footsteps of Henry Fan, who by coincidence also chaired the Standing Committee on Disciplined Services Salaries and Conditions of Service (the policy pay committee) until he took "leave of absence" back on 28-Oct-2008 during the SFC's CITIC Pacific investigation. No charges have been laid in that case, which the police were also investigating. Plus ca change...

Pass it on!
This free newsletter goes to over 20,000 practitioners, issuers, regulators and investors in Hong Kong's markets. If you enjoy Webb-site, then please invite a friend to find out what they are missing and subscribe! Visit our archives, and do your homework before you invest.

Remember that, apart from our occasional articles, you can follow our daily updates on HK events via RSS, Twitter, or Facebook.