---
title: "David Webb criticizes BAUHAUS INT'L for buying properties but not distributing dividends"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/256828247.md"
description: "BAUHAUS INT'L purchased a unit in Laguna City, Kwun Tong for over HKD 8.3 million as employee accommodation. Independent stock commentator David Webb criticized the company for not paying dividends and called for the termination of the transaction. He pointed out that as of the end of March, the group's net cash was HKD 97.1 million, accounting for 55% of tangible net assets, with an annual profit of HKD 11.7 million, yet no dividends were distributed, describing this behavior as \"shameful.\""
datetime: "2025-09-11T01:08:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256828247.md)
  - [en](https://longbridge.com/en/news/256828247.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256828247.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/256828247.md) | [繁體中文](https://longbridge.com/zh-HK/news/256828247.md)


# David Webb criticizes BAUHAUS INT'L for buying properties but not distributing dividends

BAUHAUS INT'L (00483.HK) recently announced the purchase of a unit on the 8th floor of Tower 12 in Laguna City, Kwun Tong, for over HKD 8.3 million, to be used as employee accommodation. David Webb, an independent stock commentator and the second-largest shareholder, publicly criticized the company in an open letter to Chairman Tong Shuwen, who holds 58.9% of the shares, for preferring to buy property rather than distribute dividends, and strongly demanded that BAUHAUS terminate the transaction even if it means "paying a penalty."

In his open letter, he mentioned that as of the end of March this year, the group's net cash was HKD 97.1 million, accounting for 55% of tangible net assets, with an annual profit of HKD 11.7 million, yet no dividends were distributed. He noted that since the interim period ending September 2022, the company has not paid any dividends, describing it as "disgraceful."

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- [BAUHAUS INT'L (00483.HK)](https://longbridge.com/zh-CN/quote/00483.HK.md)

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