In this epic article, we take you through the IPOs of at least 14 listed companies, 3 of which have already led to criminal charges. We explain the inter-relationships between the companies, sponsors, lead managers, auditors and the INEDs. Before you buy another IPO, stop and read this article.
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Webb-site.com, 14-Apr-2004
In another exclusive, Webb-site.com blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action.