Hall of Shame
Uni-Bio Science Group (690 HK)
Uni-Bio is a pharmaceuticals company which 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||Annual Report 2008|
|Uni-Bio Science||Annual Report 2010|