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  1. Prosperity Reit asked to amend trust deed

    Posted Dec 06th 2005, 12:00am by Staff Reporter

    ... Anette JOnsson Prosperity Real Estate Investment Trust has been asked by the Securities and Futures Commission to change its trust deed before next week's trading debut to require investors to disclose holdings of more than 5 per cent. The deed currently requires disclosure to the reit manager if the holdings exceed a 10 per cent interest in the trust. The information must ...

  2. A first step to clear the air, but more deeds are needed

    Posted Dec 04th 2005, 12:00am by Chris Yeung

    ... the air. But more confidence-building deeds and words will be needed before the public gives its support to the so-called 'separate' approach in dealing with the 2007/08 reform ...

  3. Councillor arrested for fraud and feted for good deed- all in a day

    Posted Jun 10th 2005, 12:00am by Winnie Yeung

    ... Lu Man-yan and Winnie Yeung It was the worst of times and the best of times for Law Chun-ngai. One moment the Democratic Party district councillor from Kwun Tong was in ICAC custody on suspicion of making fraudulent expense claims. Next, the Fight Crime C ...

  4. Husband denies fraud over inheritance

    Posted Apr 05th 2005, 12:00am by Patsy Moy

    ... 1993, according to the police. In 1998, Choi instructed lawyer Tse Lap-chung to prepare a deed to assign 80 per cent of his shares from his father's estate to his wife Vanessa Luk Kwai-fun- 40 per cent directly to his wife and 40 per cent to her in trust for their two children, prosecuting counsel Adrien Souyave said. The deed was executed and signed by the wife. In 2003, Ms Luk ...

  5. Document gave tycoon power to revoke trusts, court told

    Posted Jan 18th 2005, 12:00am by Polly Hui

    ... in the trust deed, the Court of First Instance heard yesterday. Alan Hann, former director of Hillhead Limited, the trustee for his three daughters' trust, told the court from South Africa ... in the deeds. But a person would have such a right as long as he was issued the instrument of transfer form and related documents, Mr Hann said. 'The trust deed [in question] was a standard, simple ...

  6. Developer fails in bid to quash lawsuits over completion delay

    Posted Nov 24th 2005, 12:00am by Nick Gentle

    ... said a document covering the purchase of a car park at the development, which all the plaintiffs signed in August last year, constituted a deed. It also submitted that the document included ... no legal effect and was not related to anything other than the car-parking space. 'This document does not refer to a 'deed',' Judge Chow wrote. 'Instead, it refers ...

  7. SFC tightens disclosure rules on reits

    Posted Dec 16th 2005, 12:00am by Staff Reporter

    ... be adopted into the trust deeds of reits. This means unit holders who fail to disclose their interest commit a criminal offence and can be fined or jailed. Under current rules, investors have to disclose stakes exceeding a threshold determined in the trust deed of the individual reit- typically 10 per cent- but there are no significant penalties for investors who fail to do so. After ...

  8. Ban on hanging laundry aired to stop frames falling

    Posted Jul 03rd 2005, 12:00am by Andy Chen

    ... Andy Cheng Building deeds might have to be amended to stop tenants hanging out clothes to dry on window frames- a possible cause for some falling frames, the director of the Buildings ... 'For further action, we need to study the details of building deeds.' After yesterday's incidents, police arrested a 70-year-old woman from Hutchison estate in Kwai Chung ...

  9. Step-by-step guide to buying a property

    Posted Sep 29th 2005, 12:00am by Staff Reporter

    ... the initial deposit). Seller's solicitor sends title deeds to the buyer's solicitor. Seller's solicitor answers questions raised by buyer's solicitor to prove the seller's ... gas and water to ensure continuous supply of utilities. Buyer executes the assignment (the document under which the seller transfers the title to the buyer) and mortgage deed (if required) two ...

  10. News group sues over publication of 'exclusive'

    Posted Feb 18th 2005, 12:00am by Polly Hui

    ... payments. Wen Wei Po has signed a deed of undertaking in which it acknowledged publishing or plagiarising- either in full or in substantial part- 37 newspaper articles that appeared in Oriental Daily News or its sister paper The Sun between September, 1999, and June, 2004, according to the writ. The acknowledgement was made in a Deed of Undertaking, it said. The writ said Wen Wei Po ...




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