The Hong Kong Court of Appeal has rejected a request from Richard Li and PCCW to appeal a ruling that blocked the phone company’s HK$15.93 billion privatization. Justice Anthony Rogers ordered Pacific Century Regional Developments, Li’s Singapore-listed holding company, to pay the legal costs of Hong Kong’s market regulator and two minority shareholders represented in […]
Read MoreHong Kong is not generally noted for its progressive corporate governance regime. Critics have argued that its weak regulatory system has long favoured powerful tycoons. However, in a rare and dramatic turn of events, Hong Kong’s Securities and Futures Commission (SFC) has won its fight at the Court of Appeal to block PCCW chairman Richard […]
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