XN000022-1994-11-05 — Page 8

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SATURDAY, NOVEMBER 5, 1994

BY THE

HON

THE CONFERENCE, OFFICIATED

GOVERNOR, THE HT CHRISTOPHER PATTEN, WAS ATTENDED BY SOME 400 FCC MEMBERS AS WELL AS CHAIRMEN AND MEMBERS OF DISTRICT FIGHT CRIME COMMITTEES.

GOVERNMENT OFFICIALS TAKING PART IN THE SESSION INCLUDED THE CHIEF SECRETARY, ATTORNEY GENERAL, SECRETARY FOR SECURITY, SECRETARY FOR HOME AFFAIRS, SECRETARY FOR HEALTH AND WELFARE, SECRETARY FOR EDUCATION AND MANPOWER, COMMISSIONER OF POLICE, DEPUTY COMMISSIONER OF CORRECTIONAL SERVICES, REGIONAL SECRETARY FOR HONG KONG AND KOWLOON AND COMMISSIONER OF THE INDEPENDENT COMMISSION AGAINST CORRUPTION.

FS APPOINTS MS HELEN LEK AS SFC INSPECTOR

THE FINANCIAL SECRETARY, SIR HAMISH MACLEOD, HAS APPOINTED HELEN LEE HO-YAN, A DIRECTOR OF ENFORCEMENT WITH THE SECURITIES FUTURES COMMISSION (SFC), AS AN INSPECTOR UNDER SECTION 33 OF SECURITIES (DISCLOSURE OF INTERESTS) ORDINANCE.

MS

AND

THE

WAS

A GOVERNMENT SPOKESMAN SAJID TODAY (SATURDAY) THAT MS LER APPOINTED TO INVESTIGATE AND REPORT ON THE OWNERSHIP OF CERTAIN SHARES IN PARAGON HOLDINGS LIMITED.

SECTION 33 OF THE SECURITIES (DISCLOSURE OF INTERESTS} ORDINANCE PROVIDES, INTER ALIA, THAT WHERE IT APPEARS TO THE FINANCIAL SECRETARY THAT THERE IS GOOD REASON TO DO SO, HE MAY APPOINT ONE OR MORE COMPETENT INSPECTORS TO INVESTIGATE AND REPORT ON THE MEMBERSHIP OF ANY LISTED COMPANIES.

SFC.

THE APPOINTMENT OF MS LEK WAS MADE ON THE RECOMMENDATION OF THE

IN RECOMMENDING THAT THE FINANCIAL SECRETARY APPOINT AN INSPECTOR, THE SFC SAID IT APPEARED THAT THE OWNERSHIP AND CONTROL OF CERTAIN SHARES PURCHASED DURING THE PERIOD MARCH 1 TO MAY 31 1993 MIGHT HAVE GIVEN RISE TO BREACHES OF THE SECURITIES (DISCLOSURE OF INTERESTS) ORDINANCE AND THE HONG KONG CODE ON TAKEOVERS AND MERGERS.

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