Tuesday 28th April 2020
Dear Reader,
NEW ARTICLE
Non-dispersable gatherings
We hereby "sternly clarify" that
the Police and Secretary for Justice are wrong to claim that groups of 4
standing more than 1.5 metres apart constitute a single gathering if they have a
common purpose. The Group Gathering Regulation allows for multiple,
non-dispersable gatherings and contain no reference to the purpose of
participants. We also show how to optimise use of available space. (28-Apr-2020)
RECENTLY ON WEBB-SITE
COVID-19:
where do we go from here?
HK is essentially clean: data
indicate the latest community transmission was 24 days ago. A potential travel
network of clean quarantined countries is emerging, but many others are pursuing
a mitigation approach, flattening the curve but leading to the likely premature
death of 0.5% of their populations unless interrupted by a vaccine or treatment.
We find lessons to be learned from HK's early mistakes. HK should maintain its
quarantine and its people should now be free to enjoy their city. (27-Apr-2020)
CPG
interference: HK's Ministry of Truth on Article 22
In an
act straight out of George Orwell's 1984, the HK Govt's news agency has been
caught modifying and backdating a press release to comply with the Central
People's Government's Liaison Office view that it is not a CPG department and
not subject to Article 22 of the Basic Law. It actually makes no difference: if
the CPG itself interferes in matters which are within HK's autonomy under the
Basic Law, then it undermines "Two Systems". (20-Apr-2020)
IN OTHER NEWS
Censure/criticism of ex-directors of Champion Technology (0092) and Kantone
(1059)
SEHK, 27-Apr-2020
Breaches of
fiduciary duties led to an astounding HK$8.9bn of impariment losses (over 99%)
on the value of purported "Tianhuang stones". Left unmentioned is what assets
they swapped for this near-worthless treasure. Again, the so-called INEDs were
unquestioningly dormant. Paul Kan Man Lok, JP, SBS, CBE etc. should now be
stripped of his gongs.
SFC obtains
disqualification orders against former directors of Long Success International
(Holdings) Ltd (delisted)
SFC, 27-Apr-2020
As is common in HK, the so-called INEDs were asleep at the wheel.
SFC fines
BOCOM International Securities HK$19.6m for internal control failures | Positions
of Yeung Kei Sho
SFC, 20-Apr-2020
This partly concerns the activities of a former representative, "Mr X", who
Webb-site can deduce is Mr Yeung Kei Sho.
And much more besides...
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David M. Webb
Editor, Webb-site.com