Hall of Shame
Ming le sports (ML2 GR)
In FY12, 60% of sales came from footwear and 40% from apparel through 26 distributors and 3,700 retail outlets in China. The company listed in Germany in June 2012, raising EUR6m. Management appear to have gone missing sometime in late 2013. The company triggered our Fake Cash Flow model between FY11 and FY12. There is virtually no information available as the company is listed in Germany.
Ming Le Sports: Annual Report, 5 Mar 2013