Our piece on poor shareholder behaviour at Pacific Basin's AGM last week has stirred the memory of Richard Witts who was the secretary and general manager of the Hong Kong stock exchange in the days when Hong Kong luxuriated in four exchanges.Tuesday, 23 April, 2013, 4:45am
Dry bulk, towage and ferry company Pacific Basin acknowledged it suffered an unaudited net loss of US$196 million in the first half of the year compared with a net profit of US$3 million in the same period last year.13 Aug 2012 - 11:11am
Pacific Basin Shipping, the Hong Kong-based bulk shipping company, placed HK$772 million worth of new shares yesterday, the second placement of new stock by the company in about a year.
The company placed 174.73 million shares at HK$4.28 to HK$4.42 each yesterday after the market closed.13 May 2009 - 12:00am
Fund managers around the world have signalled an increasing reluctance to buy Pacific Basin equities, following last month's increase in United States interest rates.
According to the monthly Merrill Lynch Gallup survey of fund managers from Japan, the US, continental Europe, and Britain, all have signalled a growing reticence about increasing their position in the region.14 Apr 1997 - 12:00am
Fund managers around the world hold sharply contrasting views on how they will invest in Pacific Basin equities this month.
In the monthly Merrill Lynch/Gallup survey of fund managers - who together control US$4.27 trillion of assets - they appear to have widely diverging views on the way markets in the region will perform this month.10 Feb 1997 - 12:00am
Fund managers globally have adopted an increasingly cautious view on Pacific Basin equities, apart from in the United States, where investment managers appear to have become increasingly aggressive buyers.13 Jan 1997 - 12:00am