0/t chinese companies may be delisted from american exchange
Jul 2, 2020 13:52:35 GMT 1
northwestman likes this
Post by zenfootball2 on Jul 2, 2020 13:52:35 GMT 1
Chinese latest scandel ;
The trump administration are looking at Chines companie to pledge there are not owned or under the influence of a foreign giverment and they submit threes worth of accounts for scrutiny to rule out fraud, the chines goverment have alegedly refused as they say this would be secret!
this potential would lead to 800 chines companies currently listed on the american stoke market been de listed and potentially investors losing there money
economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
"China is at the centre of the discovery of what may be one of the biggest gold counterfeiting scandal in recent history.
In total, Kingold pledge tens of thousands of kilograms of gold to no less than 14 creditors amounting to just under 20 billion yuan.
As for the gold, several billion in gold bars never existed and yet resulted in a cascade of subsequent cash flow events allowing tens of billions in funds to be released, "benefiting" not only founder Jia, but China's broader economy.
"
www.businesstoday.in/current/world/biggest-gold-fraud-busted-in-china-83-tons-of-fake-gold-bars-used-as-loan-collateral/story/408497.html
www.bbc.co.uk/news/business-52146498
"Luckin, which competes with Starbucks, had been one of China's few successful US stock market listings last year."
The Nasdaq-listed company said its investigation had found that fabricated sales from the second quarter of last year to the fourth quarter amounted to about 2.2bn yuan ($310m; £250m). That equates to about 40% of its estimated annual sales.
"The Nasdaq-listed company said its investigation had found that fabricated sales from the second quarter of last year to the fourth quarter amounted to about 2.2bn yuan ($310m; £250m). That equates to about 40% of its estimated annual sales."
The trump administration are looking at Chines companie to pledge there are not owned or under the influence of a foreign giverment and they submit threes worth of accounts for scrutiny to rule out fraud, the chines goverment have alegedly refused as they say this would be secret!
this potential would lead to 800 chines companies currently listed on the american stoke market been de listed and potentially investors losing there money
economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
"China is at the centre of the discovery of what may be one of the biggest gold counterfeiting scandal in recent history.
In total, Kingold pledge tens of thousands of kilograms of gold to no less than 14 creditors amounting to just under 20 billion yuan.
As for the gold, several billion in gold bars never existed and yet resulted in a cascade of subsequent cash flow events allowing tens of billions in funds to be released, "benefiting" not only founder Jia, but China's broader economy.
"
www.businesstoday.in/current/world/biggest-gold-fraud-busted-in-china-83-tons-of-fake-gold-bars-used-as-loan-collateral/story/408497.html
www.bbc.co.uk/news/business-52146498
"Luckin, which competes with Starbucks, had been one of China's few successful US stock market listings last year."
The Nasdaq-listed company said its investigation had found that fabricated sales from the second quarter of last year to the fourth quarter amounted to about 2.2bn yuan ($310m; £250m). That equates to about 40% of its estimated annual sales.
"The Nasdaq-listed company said its investigation had found that fabricated sales from the second quarter of last year to the fourth quarter amounted to about 2.2bn yuan ($310m; £250m). That equates to about 40% of its estimated annual sales."