Minority sport: Lau takeover bid rests with Bermuda court

Article Abstract:

The Lau brothers' proposal to privatize Chinese Estates Holdings Ltd supported by 78.8% of shareholders who voted will have to be approved by the Bermuda Supreme Court before it can push through. The buyout scheme is contingent on a Scheme of Arrangement (SOA) that is restricted by English laws. British regulations require the concurrence of 90% of the independently held shares before property rights are overruled by obligatory buyout of shares. The SOA failed to get the 90% support of independent shareholders, in part, because of a 32% decrease in asset backing under the scheme.

Laws, regulations and rules, Mergers, acquisitions and divestments, Privatization, Privatization (Business), Chinese Estates Holdings Ltd.

---

Betting on Uncle Sam

Article Abstract:

The US consumer market is showing signs of recovery as consumer spending growth accelerated in Jan and Feb 1992. Orders from industry are at their highest level in three years. Investors are advised to watch the Hongkong stockmarket for direct plays on the windfall from an early US recovery. Machinery and electronics components companies, the Robert Fleming Hongkong Industrial Basket Call Warrants and China "B" shares are forecasted to give good returns.

Analysis, Evaluation, Stock-exchange, Stock exchanges, Investments, United States economic conditions, Hong Kong, Securities

---

Similar abstracts:

• Abstracts: Nice little earner; car dealers may be exploiting tax loophole. A city of secrets
• Abstracts: Vietnam's new capital. Surfing and skulking. No dong, no deal: corruption spreading rapidly in the north
• Abstracts: The lion whimpers: Singapore market snores as Hongkong roars. Dirty jobs campaign: Singapore tightens quotas on foreign workers
• Abstracts: Coconut control; Manila court rules on bank shares. White elephant stirs; Manila's deal with Westinghouse may not stick
• Abstracts: A Patten reading list: some unsolicited suggestions for the next governor. Distorted signal

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.