Library

Industrials

China Infrastructure Investment Corp (5678945D US)

Year: 2011

China Infrastructure Investment Corporation (CIIC) was a reverse merger which commenced trading on the NASDAQ in 2008. The company's CFO resigned in September 2011 after only three months and just before CIIC reported substantial losses on related party receivables. However, the company failed to inform shareholders and instead forged his signature on SEC filings. The ex-CFO contacted an independent director who then forced through the relevant filings. The stock was delisted from the NASDAQ in November 2011 and its listing was revoked in July 2015. CIIC was likely faking profits and hiding the evidence in receivables from related parties.

Last updated 22 August 2021

The information on this page has been compiled from publicly available sources. GMT Research Limited has not verified the information and does not warrant its accuracy. Any claims made or views expressed are not necessarily those of GMT Research Limited.

lock03 Read More

Back