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
PASS IT ON!
This free, no-spam newsletter goes to over 12,000 practitioners, issuers, regulators and investors in Hong Kong's markets.
It's not-for-profit, so we depend on referrals. Invite a friend to subscribe! Click the link below:
https://webb-site.com/pages/refer.asp
Visit our archives, and do your due diligence homework before you invest:
https://webb-site.com/articles/
COPYRIGHT NOTICE
This e-mail and small extracts of any article on the site may be freely quoted
in any other publication but ONLY if attribution is given to
Webb-site.com.
____________
David M Webb
Editor, Webb-site.com
https://webb-site.com