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China Animal Healthcare (940 HK)

Year: 2015

China Animal Healthcare listed by way of a reverse takeover in Singapore in 2007, moving its listing to Hong Kong in 2010. In June 2015, the company announced a delay in the publication of FY14 results and requested a suspension of the stock. Auditors Deloitte resigned in September 2014 citing obstruction. In December, documents relating to the investigation were stolen from a parked van. Results of the preliminery forensic investigation in January 2017 revealed that cash in the region of RMB835-933m (US$150m) was missing, close to 90% of the company’s reported cash balance of RMB1.1bn at end June 2014. 

Last updated August 2021

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