Insto roundup: Aussie supers cut alts values; Top Temasek holdings fall by third

Asia Pacific insurers look weaker as markets collapse; Australia pension funds slash private asset valuations; Asian Development Bank invests $100m into India’s sovereign wealth fund; GPIF’s CIO leaves and it pushes into green bonds and real estate; Korea insurers prepare for mergers; Temasek’s value plummets by one-third and more. More: https://ift.tt/3dGgxEq

HSBC cancels “Informal Meeting of HK shareholders” webcast due to COVID

Apparently this hi-tech bank doesn’t know how to do a multi-way video webcast that would bring the Chairman and senior management together in a virtual room. Have they not heard of Zoom or Google Hangouts, amongst others? Source: Company announcement | Source date: 25-Mar-2020 18:00 Vía Webb-site.com latest news https://ift.tt/2y87wni

Eugene Yeoh Kim Loong, ex-HKEX, and Richard Lum Chor Wah, charged with bribery and MIPO over IPO applications

One IPO is named: Shen You (8377). That was sponsored by Huabang Corporate Finance Ltd. Who knew? Regarding Mr Lum, he’s been a director of 12 HK-listed companies at various times since 1991. Our data show that on average, shares of those companies during his tenure under-performed the market by 52.5% per year. He resigned […]

Eugene Yeoh Kim Loong, ex-HKEX, and Richard Lum Chor Wah, charged with bribery and MIPO over IPO applications

One IPO is named: Shen You (8377). That was sponsored by Huabang Corporate Finance Ltd. Who knew? Regarding Mr Lum, he’s been a director of 12 HK-listed companies at various times since 1991. Our data show that on average, shares of those companies during his tenure under-performed the market by 52.5% per year. He resigned […]

Eugene Yeoh Kim Loong, ex-HKEX, and Richard Lum Chor Wah, charged with bribery and MIPO over IPO applications

One IPO is named: Shen You (8377). That was sponsored by Huabang Corporate Finance Ltd. Who knew? Regarding Mr Lum, he’s been a director of 12 HK-listed companies at various times since 1991, and our data shows that on average, stocks of those companies during his tenure under-performed the market by 52.5% per year. Source: […]

Insto roundup: Apac pensions face record losses; Japan’s GPIF names new chief

Australia’s pension funds brace for withdrawals amid rout; China’s CPIC boasted 22.7% AUM increase in 2019; Japan’s GPIF to name new head; Korea’s NPS estimates recent stock losses at $55bn; Korean investors halt investing in US midstream oil firms and most alternative assets; NZ Super to invest into volatility, despite losing $5.1bn this year and […]

4 charged with conspiracy to defraud over bonds placement of Convoy (1019)

Allegedly, over a 3.5 year period, Convoy Investment Services (CIS), in which Mark Mak Kwong Yiu and 2 other EDs of Convoy held substantial shareholdings, acted as a hidden connected placing agent for bond issues, using Gransing Securities as a front. We note that in 2015, CIS applied for a listing on GEM which lapsed. […]

Christie Chan Lai Yee & Byron Tan Ye Kai charged with conspiracy to defraud

Slowly but not surely, the Enigma Network is being decoded. Co-conspirator Roy Cho Kwai Chee was charged in the same matter on 16-May. Ms Chan is an ED (duties suspended since 8-Dec-2017) of Convoy (1019). Mr Tan resigned as an ED on 6-Jan-2018. Ms Chan faces a charge in a separate case announced today. Source: […]

Christie Chan Lai Yee & Byron Tan Ye Kai charged with conspiracy to defraud

Slowly but not surely, the Enigma Network is being decoded. Co-conspirator Roy Cho Kwai Chee was charged in the same matter on 16-May. Ms Chan is an ED (duties suspended since 8-Dec-2017) of Convoy (1019). Mr Tan resigned as an ED on 6-Jan-2018. Ms Chan faces a charge in a separate case announced today. Source: […]

Christie Chan Lai Yee & Byron Tan Ye Kai charged with conspiracy to defraud

Slowly but not surely, the Enigma Network is being decoded. Co-conspirator Roy Cho Kwai Chee was charged in the same matter on 16-May. Ms Chan is an ED (duties suspended since 8-Dec-2017) of Convoy (1019). Mr Tan resigned as an ED on 6-Jan-2018. Ms Chan faces a charge in a separate case announced today. Source: […]