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Thugs-for-hire take shareholder meetings to extremes in Hong Kong

When shareholders get angry at management, they typically vote down executive pay packages or stage protests at companies’ annual general meetings. In Hong Kong, they call in the thugs.

Hong kongAnthony neohDepartment of justiceFutures commissionSouth china morning postஹாங் காங்துறை ஆஃப் நீதிஎதிர்காலங்கள் தரகுதெற்கு சீனா காலை போஸ்ட்

Thugs-for-hire take shareholder disputes to extremes in Hong Kong

HONG KONG (BLOOMBERG) - When shareholders get angry at management, they typically vote down executive pay packages or stage protests. In Hong Kong, they call in the thugs. In March, about 18 intruders tried to force their way into a shareholder meeting held by brokerage Convoy Global Holdings and assaulted company employees, the firm said. Eight men were arrested, according to police. Hong Kong is rare among developed markets for incidents of violence involving hired muscle at shareholder events. The closest parallel would be Japan in the 1980s and 1990s, when public company meetings were disrupted by yakuza gangsters demanding payoffs.

Hong kongPaul tseCharles liAnthony neohDepartment of justiceChina health groupAeso holdingKaisa group holdingsFutures commissionSouth china morning postMy heart bodibra groupConvoy global holdingsHong kong exchangesHeart bodibra groupBloomberg newsChiu kwan

Thugs-for-hire take shareholder meetings to extremes in Hong Kong

Thugs-for-hire take shareholder meetings to extremes in Hong Kong
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Hong kongAnthony neohDepartment of justiceFutures commissionSouth china morning postஹாங் காங்துறை ஆஃப் நீதிஎதிர்காலங்கள் தரகுதெற்கு சீனா காலை போஸ்ட்