Monday 8th June 2020
Dear Reader,
NEW ARTICLE
A
special message from our Founder
Unfortunately, there are
going to be some changes around here. (8-Jun-2020)
IN OTHER NEWS
SFC
petitions to wind up Combest (8190)
SFC,
21-May-2020
At last, some real action. Webb-site filed a detailed
complaint on this matter with the SFC on 21-Dec-2017. The SFC now alleges
over-priced acquisitions identified in our complaint. The sellers were BVI
companies the owners of which were not disclosed. The SFC alleges 2 directors
and a suspected shadow director, one Mr Ng Kwok Fai, caused losses of HK$293m to
Combest. Notably the SFC seeks a winding-up rather than just compensatory
orders. They should do this more often - many other companies suspended by the
SFC, including Lerado (1225) are in such limbo.
SFC obtains
disqualification orders against ex-directors of EganaGoldpfeil | Egana
and Upbest
SFC, 11-May-2020
Almost
13 years after Webb-site blew the whistle on this fraudulent firm, which
promptly collapsed, 3 of the culprits are banned as directors for 6-9 years. No
compensation order is made. We remain surprised that no criminal charges were
made.
And much more besides...
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David M. Webb
Editor, Webb-site.com