Hong Kong Financial News

The court will announce its decision on PCCW privatisation next Monday. Media has been wondering who the secret persons are in paying for the lawyers representing the minority shareholders. It has been estimated that the legal cost for two day court case can easily be a few million hong kong dollar, given the high caliber of the legal teams involved.

The secret persons probably have some personal grudge on Richard Li? According to Apple Daily, the secret person and the minority shareholders are linked by Long Hair Leung Kwok Hung. Furthermore, it reveals that one of the secret persons is Mr. Chong Wing Cheung, a mentor of “Ah Lek” Chan Pak Cheung. And on radio tonight, some people thought that the boss of the Emperor Group, Yeung Sau Sing, may be one of the secret persons. Maybe the Isabella Leong-Richard Li saga still pisses Mr. Yeung off.

April 3rd, 2009 | Tags: 0008, legal expenses, Long Hair, PCCW, privatisation, Richard Li, Yeung Sau Sing | Category: Companies | Leave a comment

In today’s newspapers, billionaire Joseph Lau Luen-Hung, chairman of Chinese Estates, said that he is sick of a small group of people who are only very small shareholders and making a lot of noise on the privatisation. Also, he claimed that he knows who is fooling around behind the PCCW privatisation scandal, and that the motivation behind may not be business-related… it can be related to a fight for a wife, a girl friend, etc… Sounds very mysterious to me and a lot of the readers, but I suppose Richard Li should know what he is talking about!

March 6th, 2009 | Tags: 0008, Joseph Lau Luen-Hung, PCCW, privatisation, Richard Li | Category: Companies | Leave a comment