Date
21 January 2017
Chris Lee issues a personal statement to remind analysts to do due diligence before issuing reports. Photo: HKEJ
Chris Lee issues a personal statement to remind analysts to do due diligence before issuing reports. Photo: HKEJ

PAX Global executive regrets kicking out Macquarie analyst

A Hong Kong company executive has apologized for throwing out a financial analyst from a presentation.    

Chris Lee, chief financial officer of payment technology firm PAX Global, said in a statement he regretted his behavior.

“I would like to take this as a lesson… and keep leading the PAX IR [investor relations] team to increase communication with the market,” he said.

He said it was a “one-off incident and does not represent the standpoint of our management”.

Lee made headlines after he asked Macquarie analyst Timothy Lam to leave, threatening not to give a presentation if the latter did not comply.

Lam had fallen out of favor with Lee after writing negative research reports about the company.

Lee said analysts are high-caliber professionals who should be responsible for their views.

“My intention is clear in hoping analysts can provide investors the facts in an accurate and objective way,” Lee said. 

Shoot the analysts – if you dare (Aug.11, 2016)

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