Hong Kong Investor Who Exposed `Enigma Network' Sees Another
- New network includes China Huarong and China Minsheng Banking
- David Webb foreshadowed ‘Enigma Network’ stock rout in 2017
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His last big warning to investors, about a shadowy group of companies he dubbed the Enigma Network, preceded a $6.1 billion collapse in the stocks and Hong Kong’s biggest-ever financial raid.
Now David Webb, the activist investor and resident gadfly of Hong Kong’s capital markets, is at it again. His new, if less provocatively named, target: the Huarong-CMB Network.