Shareholders get active: riled investors want more say on how business are run
Article Abstract:
Lane Crawford International, Shanghai Industrial Holdings and Templeton Asset Management are some of the firms in which shareholders are taking an active role in company management. In the case of Lane Crawford International, Wheelock and Co was forced to raise the price of its offer to buy the department store chain and one-quarter of the company's stock from HK$384 million to HK$406.7 million after Lane Crawford's shareholders threatened stop the deal. The shareholders, which control 10% of the firm's shares, accused Wheelock of taking advantage the temporary downturn in Asian consumer spending to acquire undervalued firms.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Hong Kong land sales fetch firm prices, fueling optimism; hopes for economic recovery climb as government sells two plots for more than expected
Article Abstract:
The prices of two plots sold by the Hong Kong government raises hopes of economic recovery. The lots were unexpectedly sold for one-fifth more than what was expected. For three plots sold, Hong Kong got HK $1.49 billion which is much more than the HK$1.25 billion that analysts predicted the plots would fetch. The prices were an indication that real estate developers expect that apartment prices could increase by as much as 15% to 25% until the year 2001.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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