WEAK CHINESE BOURSE REGULATION AND OVERWEANING DEMAND FOR CAPITAL INCREASE RISK OF FRAUDULENT CHINESE OVERSEAS LISTINGS
January 1st, 2012
BY MARK GODFREY, IN BEIJING
MANY eyes are focused on how the fraud by Chinese companies listed on domestic and overseas bourses will be tackled in 2012 given that company involved in a notorious 2011 case, Sino Forest, is facing potential bankruptcy, after a research house Muddy Waters claimed it listed in Toronto on false data. Mark Godfrey reports from Beijing.
WE will hear more about what has became known in Chinese investor circles as 'Fraudcap' (fraudulent capitalisations). This month, Hong Kong-listed Winsway, a coal logistics firm with a USD928 million ...
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