Webb shares thoughts on Boto sale

As shareholders vote in favour of sale of Boto''s core businesses, David Webb, private investor and editor of Webb-site.com, explains why the odds were against independent investors opposing the deal.

Rob Davies

August 20, 2002

The decision on Monday to approve the HK$1.06 billion sale of 75% of Boto's core artificial Christmas tree and leisure furniture businesses to the Carlyle Group - with the remaining 25% held by Boto - has been widely seen as an example where the views of independent shareholders in Hong Kong have been ignored by regulators in the SAR.

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