XN000022-1993-06-25 — Page 9

7

FRIDAY, JUNE 25, 1993

FAILURE TO OBSERVE THIS

REQUIREMENT IS OFFENDER IS LIABLE TO A MAXIMUM FINE OF $50,000.

AN

OFFENCE AND THE

THE LAND DRAINAGE BILL WILL BE INTRODUCED ΤΟ THE LEGISLATIVE COUNCIL NEXT MONTH.

MEMBERS OF THE PUBLIC WHO WISH TO COMMENT ON THE BILL CAN SEND IN THEIR VIEWS TO DRAINAGE SERVICES DEPARTMENT ON 11TH FLOOR, KOWLOON GOVERNMENT OFFICES, 405 NATHAN ROAD.

INSPECTOR APPOINTED TO PROBE SHARE OWNERSHIP

* *

APPOINTED

THE ACTING FINANCIAL SECRETARY, MR DONALD TSANG, HAS ASSISTANT DIRECTOR, ENFORCEMENT, OF THE SECURITIES AND FUTURES COMMISSION (SFC), MR WILLIAM STUART CROSBY, AS AN INSPECTOR UNDER SECTION 33 OF THE SECURITIES (DISCLOSURE OF INTEREST) ORDINANCE.

MR CROSBY IS TO INVESTIGATE AND REPORT ON THE OWNERSHIP OF SHARES IN ASIA SECURITIES INTERNATIONAL LIMITED (ASIL).

THE SCOPE OF THE INVESTIGATION IS LIMITED TO MATTERS CONNECTED WITH 60,000,000 SHARES IN ASIL SOLD BY ASIA SECURITIES LIMITED AND QUATRO ENTERPRISES LIMITED TO MR WONG SHEU CHUI PURSUANT ΤΟ AN AGREEMENT DATED JUNE 28, 1991.

THE APPOINTMENT WAS MADE ON THE RECOMMENDATION OF THE SFC.

IN RECOMMENDING THAT THE FINANCIAL SECRETARY APPOINT AN INSPECTOR, THE SFC STATED THAT IT APPEARED THAT OWNERSHIP AND CONTROL OF THE 60,000,000 SHARES MIGHT HAVE BEEN A MATERIAL FACTOR IN THE EXERCISE OF CONTROL OVER ASIL IN THE PAST TWO YEARS,

THE SFC ALSO STATED THAT THIS PARCEL OF SHARES MIGHT HAVE GIVEN RISE TO BREACHES OF THE HONG KONG CODE

CODE ON TAKEOVERS AND MERGERS.

0

ONE CANDIDATE REGISTERED AS NOMINATION CLOSES TODAY

* * * * *

THE GOVERNMENT HAS RECEIVED NO NOMINATION FOR THE LEGISLATIVE COUNCIL BY-ELECTION IN RESPECT OF THE FIRST INDUSTRIAL ELECTORAL DIVISION TODAY (FRIDAY) THE LAST DAY OF NOMINATIONS.

——

ONLY ONE NOMINATION HAS BEEN RECEIVED FROM MR JAMES TIEN PEI-CHUN, 46, MANAGING DIRECTOR, ON JUNE 16.

0

/8