Independent shareholders veto Tongda Hong Tai (2363) Whitewash Waiver
Webb-site.com, 16-Nov-2020
The largest shareholder wanted to underwrite a 1:1 open offer of new shares, potentially obtaining majority control without making a General Offer. Howel Thomas and his Wykeham Capital Asia Value Fund made sure that didn't happen, using the 75% approval requirement introduced in 2018.
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SFC suspends Mr Howel G R Thomas of CLSA for 3 months for conducting manipulative orders & misleading client
SFC, 23-Feb-2004
When you fall into a hole, don't try to dig your way out!