Activists take on passivists in HK share spat

Activists are taking on Hong Kong’s investor passivism. Hedge fund Elliott Management has mounted a legal challenge to Bank of East Asia, raising questions about the ease with which companies can issue slabs of stock to friendly shareholders. Investors can theoretically stop such deals from happening, but often don’t. That […]



Reuters via CHINA US Focus http://ift.tt/16ZpB3w