Tuesday 5th June 2007
Webb blocks WKK privatisation (5-Jun-07)
Webb-site.com confirms that its editor, David Webb, holds sufficient shares in Wong's Kong King (0532) to veto the backdoor privatisation offer from its Chairman and CEO Senta Wong, and will do so. We explain why.
RECENTLY ON WEBB-SITE.COM
JICT breaches free float rule (23-May-07)
J.I.C. Technology (0987), the little sister of NTEEP, is also in breach of the 25% free float rule after purchases by NTE took it over 75%.
NTEEP breaches free float rule (22-May-07)
NTEEP (2633) is now in breach of the 25% free float rule after purchases by its majority shareholder took it over 75%.
Government digs MTRC hole (17-May-07)
The Government has just given MTRC independent shareholders another reason to veto the KCR deal by proposing an extension of the fare freeze which would permanently wipe about 3% off future profit margins and HK$4.5bn off the value of MTRC.
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David M Webb