Update On Ming Fai

As expected, Ming Fai has called for a board meeting on December 16 to approve the declaration and payment of a special dividend. If approved, the company will make a further announcement following the board meeting to set out the details of the dividend.

For more about the company and situation, see my post here.

David Webb, a longtime shareholder of the company, recently wrote an open letter to the board calling for a return of surplus cash to shareholders. You can find both his letter and analysis here.