SCMP Article re: Beach Village Resident's anger Sunday June 25th 2006

Thanks to the SCMP for highliting our plight.

However, as most of us suspect, there is more to this story than what has been done to our homes and lives for the past 8 months.

As anyone can see there was a lot of work done that was unnecessary. It was also done in the cheapest and most economical manner possible FOR THE CONTRACTORS.

These savings were not passed on to the owners.

WHY?

Here is one theory:

HKR is the developer and owner of DB, and they own most of the companies that make money off of the community.

They own Hanniford Construction Co. (currently building the new ESF school by Siena) which is a wholly owned subsidiary of HKR.

We suspect that the main contractor for the BV "renovation" Kung Kee company, is either owned by, or paying a "kickback" to either members of the Cha family or to HKR itself or Hanniford.....

Is this a case of personal corruption? Or is it abuse of corporate governance (HKR is a listed company on the HKSE.)

Who should look into this:

ICAC or the HK Securities Regulator?????