China Printing & Dyeing (China Printing) listed on the Singapore Exchange in September 2006. In October 2008, the company suspended its shares as the board had lost contact with the founders. Reportedly, China Printing's parent company had defaulted in China. In November, it was revealed that the group's founders had been arrested for destroying accounting documents, amongst other wrongdoings. While the main allegations relate to the destruction of these documents, it appears that there were considerable undisclosed liabilities at China Printing which raises the possibility past profits had been inflated. Indeed, its financials displayed fraud-like traits.  

Last updated January 2021

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