WEDNESDAY, MARCH 20,
1991
THE
+
H
STUDIED BY WILL MEET A TERRITORIES IN NEW THE SPOKESMAN SAID.
"THE UPDATE TOGETHER WITH THE THIRD REPORT WILL BE
WHICH COMMITTEE UNITED
HUMAN RIGHTS NATIONS DELEGATION FROM THE UNITED KINGDOM AND DEPENDENT YORK BETWEEN APRIL 1 3 TO DISCUSS THE REPORTS,
JOIN THE
KINGDOM UNITED WILL
FRANK STOCK; ASSISTANT DELEGATION INCLUDE THE SOLICITOR GENERAL, MR SOLICITOR GENERAL, MR PHILIP DYKES; PRINCIPAL ASSISTANT SECRETARY
AFFAIRS,
FRANCIS HO; MR
AND PRINCIPAL ASSISTANT CONSTITUTIONAL SECRETARY FOR SECURITY, MR ALEX FONG.
HONG
KONG OFFICIALS
WHO
FOR
MRS MARION ANOTHER PRINCIPAL ASSISTANT SECRETARY FOR SECURITY,
UNITED KINGDOM DELEGATION ALTHOUGH LAI, WILL BE ASSISTING THE WILL NOT BE LISTED AS A MEMBER.
SHE
REPORTS ON THE UNITED KINGDOM AND LAST DISCUSSED BY THE HUMAN RIGHTS COMMITTEE IN NOVEMBER 1988.
DEPENDENT TERRITORIES
WBRB
COMPANIES (AMENDMENT) (NO. 2) BILL 1991 TO BE GAZETTED
COMPANIES
A
OF
WHICH WILL BE THE COMPANIES (AMENDMENT) (NO. 2) BILL 1991,
PRESENT PROHIBITION GAZETTED ON FRIDAY (MARCH 22), SEEKS TO LIFT THE
то SUBJECT
NUMBER BY LOCAL ON SHARE REPURCHASES
CREDITORS, SAFEGUARDS TO PROTECT THE INTERESTS OF SHAREHOLDERS AND GOVERNMENT SPOKESMAN SAID TODAY (WEDNESDAY).
COMPANY
SHARE
REPURCHASES
ARE PERMITTED
SEVERAL IN JURISDICTIONS INCLUDING THE UK, CANADA, USA AND AUSTRALIA.
MAJOR
THE SECURITIES ALLOWING SHARES SHOULD
"IN ITS REPORT ON THE EVENTS OF OCTOBER 1987, REVIEW COMMITTEE RECOMMENDED, INTER ALIA, THAT THE MERITS OF
TO PURCHASE IN
THEIR COMPANIES
KONG HONG FAVOURABLY CONSIDERED, THE SPOKESMAN SAID.
甲申
OWN
BR
ΤΟ HAVE SEVERAL "SHARE REPURCHASES ARE GENERALLY ACCEPTED
RETURN USEFUL PURPOSES. THEY PROVIDE A MEANS BY WHICH A COMPANY CAN SURPLUS CASH TO SHAREHOLDERS.
"THEY CAN ALSO SERVE TO SUPPORT THE PRICE OF A COMPANY'S SHARES DURING PERIODS OF TEMPORARY WEAKNESS.
MANY PEOPLE "IN THE WORLDWIDE MARKET CRASH IN OCTOBER 1987,
A NOTED WITH APPROVAL THAT THE PROMISE OF LARGE SCALE REPURCHASES BY
SUBSTANTIALLY SIGNIFICANT NUMBER OF U.S. LISTED COMPANIES CONTRIBUTED TO STEADYING THE U.S. MARKET.
"FURTHERMORE,
PRIVATE
COMPANY THEY
A
IN THE CASE OF A SMALL INCREASE MARKETABILITY OF SHARES BY ENABLING THE COMPANY TO BUY OUT SHAREHOLDER WHO WISHES TO SELL BUT CANNOT FIND A PURCHASER."
/IN JANUARY