Duoyuan Printing was a 2006 US reverse merger which began trading on the New York Stock Exchange (NYSE) in November 2009 after a public offering which raised US$55m. Almost a year later, in September 2010, the company fired Deloitte following its discovery of accounting irregularities, leading to a raft of resignations. The NYSE delisted the company in April 2011, citing its failure to file results amongst a number of other reasons. A subsequent Class Action found that, according to relevant SAIC filings, revenues, profits and cash balances were a fraction of reported. The company went dark in April 2012 and had its listing revoked in October 2014.

Last edited 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.