Continuation of Proselenes Note.9 Feb 2009 09:39
(Great Proselenes. Best news for sometime.)
There are also offerings that keep events secure: on a recent visit to Shanghai, the group's biometric tickets ensured that David Beckham was only greeted by those deemed appropriate.
Raymond Chu, the group's Hong Kong-based chief executive, says the decision to list in Hong Kong is due to the insistence of the company's UK institutional investors, who wanted the stock to gain liquidity. There is another benefit for UK-based shareholders. The company's management is based in Hong Kong and most of its business is in China, east Asia and the Middle East. Having it subject to the strict corporate governance rules imposed by the Hang Seng should add a little comfort for investors.