南華(中國)(0413)借7,800萬予南華置地(8155)
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GS(14)@2011-03-19 13:21:42http://www.hkexnews.hk/listedco/listconews/sehk/20110315/LTN20110315873_C.pdf
[url=http://www.hkexnews.hk/listedco/listconews/sehk/20110315/LTN20110315873_C.pdf][/url]南華集團繼續美化他們差劣的公司管理的態度。如果南華中國有多餘現金，他們應該派發給其股東，不是借錢給姊妹公司。當需要時，吳先生可以借他那份錢給南華置地。南華中國聲稱借款是「屬一般商業條款」-在哪個情況下，南華置地是應該能以這條件向銀行借到錢的-但它能不能?
The South China group continues to justify its reputation for bad corporate governance. If SCC has surplus cash, it should return it to all shareholders, not lend it to a sister company. Mr Ng could then lend his share of it to SCL if he wants. SCC claims this loan is on "normal commercial terms" - in which case, SCL should be able to borrow from a bank on those terms - but can it?