Friday 6th May 2011
Dear Reader,
NEW ARTICLE
Submission on First
Registration Tax
Webb-site editor David Webb will attend the
Bills Committee meeting at 2.30pm on 12-May-2011. This is our
submission. (6-May-2011)
RECENTLY ON WEBB-SITE
Traffic Truths
The Government's budget proposal on private car First Registration Tax is based
on a false premise, and will not achieve its stated objective of congestion
reduction. Our research shows that despite higher ownership, private cars occupy
less of the roadspace than they did in 2000. We call for a fundamental review of
road transport policy and make proposals to achieve a reduction in congestion
and road traffic pollution. (13-Apr-2011)
IN OTHER NEWS
Dragonite (0329) buys basement of China United Centre from Heritage (0412), does
placing...
Company announcement, 6-May-2011
...through Chung nam Securities Ltd. Both listed companies are in
what we call the "Chung Nam Network".
Forefront (0885) subscribes HK$108m for 4.79% of Hennabun
Company announcement, 6-May-2011
Forefront
is in what we call the "Chung Nam Network". Hennabun owns Chung Nam Securities
Ltd.
SFC fines HSBC Trinkaus Investment Management Ltd HK$3m
SFC, 4-May-2011
...and bans it for 2 years
from dealing or advising on OTC structured notes (but presumably this ban does
not apply to other subsidiaries of HSBC to which clients could be referred).
Q&A regarding Mr Leung Chin Man and New World
HK Legislative Council, 4-May-2011
Ausnutria Dairy (1717) makes "entrusted loans"
Company announcement, 3-May-2011
...which is a good reason not to
trust Ausnutria Dairy with your money. Surplus cash should be returned to
shareholders.
China Forestry: findings of Independent Board Committee
Company announcement, 29-Apr-2011
China Forestry: our key subsidiary had two sets of books
Company announcement, 29-Apr-2011
...and
they say former management gave false bank records to auditor.
PECS Register monthly update
HK Government,
29-Apr-2011
Government plans 4 submarine cables from Shek Kwu Chau to Lantau
HK Gazette, 29-Apr-2011
So does this mean
that they plan to sell the power from the incinerator to CLP?
Pass it on!
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