David Webb, Investor Who Took on Hong Kong Tycoons, Dies at 60
AI Summary
David Webb, a British activist investor who became a prominent figure in Hong Kong's financial scene, died at age 60 on Tuesday from metastatic prostate cancer. He moved to Hong Kong in 1991 and dedicated himself to advocating for minority shareholders and exposing corporate malfeasance. Webb created Webb-site, a free online database cataloging Hong Kong companies and their directors, which became a valuable resource for investigators and journalists. In 2017, he published a report exposing the "Enigma Network," a web of interconnected companies, leading to share price declines and government investigations into share price manipulation. Before moving to Hong Kong, Webb worked for investment banks in London and had already amassed enough wealth to focus on his investments and financial monitoring.
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