Saturday, June 18, 2011

China Believers Stand Firm Despite Fraud Cases

Article Forbes

Highlight
Some venture capital firms in the US, with Chinese partners, are taking over Chinese firms whose stock has been distressed because of class action lawsuits against them. The idea is to delist them, take over, put in new management, clean the financial books and then re-list in Hong Kong, where accounting standards are less rigorous.

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