China Solar Energy Holdings Ltd., the solar panel maker that’s lost 93 percent of its market value since 2007, said its chairman and two directors have been detained by Chinese authorities on allegations of fraud.
Hong Kong Exchanges & Clearing Ltd., the world’s second-largest bourse operator by market value, is making a stand for transparency in the competition for Alibaba Group Holding Ltd.’s initial public offering.
Alibaba Group Holding Ltd. is moving toward an initial public offering in the U.S. after talks for a Hong Kong listing broke down following management’s proposal to keep control in a share sale, according to two people familiar with the matter.
David Webb, a corporate-governance activist in Hong Kong, said his website has suspended publication of the identity-card numbers of more than 1,100 people after an inquiry from the city’s privacy commissioner.
Hong Kong should drop plans to impose new taxes on short-term home sales to avoid damaging the city’s reputation as a free market, according to shareholder activist David Webb , who will speak to lawmakers on the issue today.
Hong Kong Exchanges & Clearing Ltd. ’s proposal to raise the required number of independent directors in the boards of the city’s listed companies is “ignoring the real problem,” shareholder activist David Webb said.
Alibaba Group Holding Ltd. has asked Hong Kong’s stock exchange to let its partners nominate a majority of the e-commerce giant’s board, said a person with knowledge of the matter, a move that would keep executives in control if the company lists in the city.
Gome Electrical Appliances Holding Ltd. , China’s second-biggest electronics retailer, disputed an assertion by David Webb , publisher of Webb-site.com, that it misled investors about the effect of its founder’s imprisonment.