Due Diligence

Journalists back petition against privacy law

Mak Yin-ting, Chairperson of The Hong Kong Journalists Association. Photo: Edward Wong

The Hong Kong Journalists Association says it has received a "record-breaking" response to an industry-wide petition against the proposed change to the Companies Ordinance, with hundreds of signatures from the city's local and foreign media.

Sunday, 27 January, 2013, 5:00am 1 comment

Hontex fails to stop SFC from seeking refund order

Hontex International Holdings has failed in a bid to stop the Securities and Futures Commission (SFC) from seeking a court order to refund back to investors the HK$1 billion it raised in its 2009 initial public offering.

8 Jun 2012 - 12:00am

'No need for jail terms' in IPO rules

A Securities and Futures Commission (SFC) proposal to tighten regulation of initial public offering sponsors has drawn indignation from investment banks over the possibility of jail sentences under the new law, but investigative firms and lawmakers are throwing their weight behind the tougher rules.

28 May 2012 - 12:00am

We don't want to jail bankers, SFC chief says

The Securities and Futures Commission's controversial proposal to tighten rules covering listing sponsors is not intended to put bankers in jail but to encourage them to do a better job, the regulator's chief said.

23 May 2012 - 12:00am

Watchdog finally bites - now let's see teethmarks

Finally, our securities watchdog has put the axe to poorly performing listing sponsors. We now want to see more punishment inflicted on these people as they have done much damage to our markets.

24 Apr 2012 - 12:00am

Harsh light cast on listing sponsors

The securities watchdog's decision to levy a record fine of HK$42 million and to strip the corporate finance advisory licence of a local unit of a Taiwanese firm has cast a spotlight on the shoddy work of listing sponsors.

23 Apr 2012 - 12:00am

Listing sponsor first to lose licence

The local unit of Taiwan's Mega Securities has become the first firm in Hong Kong to be stripped of its licence to advise on corporate finance deals and was fined a record HK$42 million.

23 Apr 2012 - 12:00am

Due diligence? What's that? ask Asia-based business executives

A quarter of Asian-based company executives did not carry out due diligence on takeover targets before closing the deal, a survey of cross-border acquisitions over the past three years reveals.

5 Aug 2010 - 12:00am

Events

Today: Canadian Chamber of Commerce luncheon: '10th HKSAR anniversary - Re-emerging property market'. Club Lusitano.

Guangzhou: HKPC event: 'Hong Kong Zone of 'Scan & RFID China 2007''.

Tomorrow: Canadian Chamber of Commerce breakfast: 'Stranger danger - Due diligence in Asia'. Ritz-Carlton.

21 Jun 2007 - 12:00am

Bank gives up role in sponsoring IPOs after job failures

The financial regulators have sidelined an investment bank from acting as a listing sponsor until next year for due diligence failures. Two of the bank's officers will also not take part in any listing activity for most of this year.

8 Mar 2006 - 12:00am

First Pacific appeals to directors' duty on offer

First Pacific has issued a statement imploring directors of Philippine Long Distance Telephone (PLDT) to remember their fiduciary duty as reports emerge indicating their rejection of a compromise plan.

31 Jul 2002 - 12:00am

Debt at Piltel comes as surprise

First Pacific has admitted that the level of debt in the mobile phone subsidiary of Philippine Long Distance Telephone, Pilipino Telephone (Piltel), is higher than First Pacific thought at the time of its purchase of a 17.2 per cent stake in PLDT last November.

Earlier this month, 50.1 per cent-owned Piltel said it had entered talks to reschedule US$850 million of borrowings.

27 Jan 1999 - 12:00am

Valenta awaits due diligence

Universal Appliances is allowing more time for the purchaser of its Valenta Group to assess the worth of properties included in the sale. The purchaser now has until November 30 to complete due-diligence investigations. The properties include a new factory building and dormitories.

10 Nov 1998 - 12:00am

Beijing buy notice

Chi Cheung Investment will today dispatch a circular concerning its acquisition of 51 per cent of Beijing Zhong Hong Tian Real Estate. The due diligence process is still under way.

15 Jun 1998 - 12:00am

Possible sale

Printing machinery and equipment group Dah Bang (Holdings) says a third party interested in buying a substantial portion of the stake held by the controlling shareholders has begun due diligence on a possible purchase.

13 Sep 1996 - 12:00am

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