However shareholder rights activist David Webb, who was last week re-elected to the board Hong Kong Exchanges and Clearing HKEx, warns that disclosure was becoming less transparent in Hong Kong at a time when other Asian and Western exchanges are insisting that shareholders be given more information.
Only recently he pointed out on his website, Webb-site.com that the stock exchangeÆs listing committee, in a little-noticed amendment, had watered-down disclosure requirements by companies.
Under listing rules introduced in March 2004 companies were required to disclose large accounts receivables if they exceeded 8%...
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