Friday 22nd March 2019

Dear Reader,

NEW ARTICLE
Hopewell and the lemon discount
What does the ability to take a company private for 57 cents on the dollar say about the future of HK's public market? Failure to reform HK's laws and regulations to improve the corporate governance framwork will see the market shrink over time as good companies stay away and controllers take existing companies private. (22-Mar-2019)

RECENTLY IN WEBB-SITE REPORTS
Inside the Kingdee bubble
It appears to be a Shenzhen success story, conquering the World with the "Chinese management model", but we burn through the techno-fog of the disclosures and dig deep inside the accounts. You won't like what you see. (18-Mar-2019)

IN OTHER NEWS
YLDC member Kenny Man Kwong Ming jailed for HK$147k salary payments fraud
ICAC, 21-Mar-2019

A Hong Kong stock slumps after an activist calls it a bubble
Bloomberg, 18-Mar-2019

And much more besides...
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David M. Webb
Editor, Webb-site.com