Companies will no longer be able to hoard cash that could be better-deployed by investors elsewhere in the economy
Hong Kong-listed firms may have to return excess cash to investors
Apr 28, 2016
<p>New regulatory proposal to put distribution of cash over 50 percent of net assets to shareholder vote</p>
A group of investors, including BlackRock and publisher and activist David Webb, are campaigning for Hong Kong’s Securities and Futures Commission to introduce new rules to stop issuers retaining large cash holdings.
The move comes after the asset management