China Intelligent Lighting and Electronics (CILE) listed on the New York Stock Exchange (NYSE) raising US$10m in June 2010. The first sign of trouble came in March 2011 when two independent directors resigned. On 24 March, the company's shares were suspended pending an announcement on the 29th in which the company disclosed that its auditor had resigned citing fraud and that it was the subject of a formal SEC investigation. In July, CILE was delisted from the NYSE and its registration revoked in September 2013. 

Last updated September 2021

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