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David Webb criticises retailer Bauhaus for buying a flat, not paying dividend

David Webb, a Hong Kong corporate governance activist who is battling terminal cancer, issued an open letter criticising Hong Kong fashion retailer Bauhaus International Holdings’ decision to buy a residential property instead of making a dividend payout. Webb holds more than 8 per cent of the company’s shares and is the second-largest shareholder after the chairman, Winnie Tong She-man, who controls 58.9 per cent, according to a recent Hong Kong public filing. The open letter, published on...


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