Top Group share price crashes past HK 20 Cent barrier to new low of HK 18 Cents-Mr Bathurst and his NSW LPAB's silence would not be tolerated in most Asian markets

by Ganesh Sahathevan

Zhu Minshen's Top Group share price has crashed past its HK 20 Cents support level to a new low of HK 18 Cents. The silence from the regulator, the NSW LPAB, and its chairman, the Chief Justice Mr Tom Bathurst a would not be tolerated in most Asian markets.

As reported by this writer , there have been danger signs going back to at least 2018, when Top Group was first listed:

Top Group(1752:HK) IPO investors entitled to answers from the NSW LPAB & NSW AG Mark Speakman -Suspension of Top Group law school enrolments raises questions about the value of the IPO which relied on NSW LPAB & Speakman's granting Top Group its license to issue law degrees

The Chief Justice and NSW LPAB seem unconcerned by the uncertainty that Top's students and graduates (who are exposed to reputation risk) are being exposed to.  They also seem unconcerned by the fact the Top's law school suspended enrolments shortly after Bathurst and his NSW LPAB renewed accreditation to grant law degrees i in 2019.

The time is now long overdue for Andrew Bell to be appointed Acting Chief Justice NSW, and for Bathurst to submit himself, and his LPAB staff for investigation by all relevant authorities.

TOE BE READ WITH 

Friday, March 19, 2021

Top Group's share price sinks to new low, taking with it the NSW LPAB & its chairman Tom Bathurst's standing as guardians of the NSW legal profession : Bathurst should stand down as chief justice, submit himself and his NSW LPAB to investigation; time overdue for Andrew Bell to be appointed Acting Chief Justice NSW

 by Ganesh Sahathevan

This story below was published on a related blog yesterday:

Zhu Minshen's Top Education Group sinks to new low of HK 0.22 cents: Top will not comment on suspension of law school enrolments because it might be price sensitive'

Meanwhile, the regulator responsible for granting the law school its right to issue law degrees, the NSW Legal Profession Admission Board (NSW LPAB) and all others who oversee it have chosen to remain silent about these issues which are very much in the public domain:

Top Group(1752:HK) IPO investors entitled to answers from the NSW LPAB & NSW AG Mark Speakman -Suspension of Top Group law school enrolments raises questions about the value of the IPO which relied on NSW LPAB & Speakman's granting Top Group its license to issue law degrees

The issuance of that license to award  law degrees, and the IPO that followed would have raised red flags from Sydney to Hong Kong, but not it seems for Bathurst and his NSW LPAB officers, who renewed the license just before enrolments were suspended, and despite other issues: 

Zhu Minshen announces that NSW LPAB review "went smoothly": AG NSW Mark Speakman and officers unconcerned by Clive Hamilton's disclosures of threats, intimidation and defiance of AFP directives ,share price collapse

For all of the above  reasons and more Mr Bathurst needs to stand down as Chief Justice of NSW and submit himself and his team at the NSW LPAB to investigation. The President Of the Court Of Appeal, Andrew Bell, can be appointed as Acting Chief Justice:

NSW LPAB has a new Executive Officer: Three EOs in under two years suggest even more audit red flags and more reasons why LPAB Chair Tom Bathurst should step down as chair, and as chief justice


As Chief Justice Tom Bathurst has been intent on pursuing a social and political agenda. In doing so he has walked into a matter of national security.In doing so he seems to have neglected his actual duties.