Hall of Shame

Health Care

Uni-Bio Science Group (690 HK)

Year: 2010

Uni-Bio Science Group Limited is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of pharmaceutical products.  It was listed in Hong Kong in 2001.

In Apr 2010, Michael Liang, the controlling shareholder of Uni-Bio, was charged for conspiring with others to defraud shareholders of the company. It was alleged that he concealed the fact that he was the owner of three Chinese companies Uni-bio have acquired, and falsified accounting documents to inflate the value of the acquisitions. He was later acquitted the shares were suspended for 3 years from early 2010.

Webb-site: Cosmetic Appearances, 25 May 2010
ICAC: Businessman charged for alleged $1.29b fraud over sale of Mainland companies to listed Uni-Bio, 14 Apr 2010
Uni-Bio Science Group: Annual report 2006
Uni-Bio Science Group: Annual report 2007
Uni-Bio Science Group: Annual report 2008
Uni-Bio Science Group: Annual report 2010