Cogobuy listed on the Hong Kong Exchange in 2012. The company was comprised of the the assets its CEO and founder, Mr Jeffrey Kang, controversially bought from his US-listed vehicle Cogo (VIEWF US). In May 2017, short-seller Blazing Research published a report on Cogobuy which highlighted past purported corporate governance abuses and alleged fraud. In December, independent auditor KPMG resigned owing to a lack of information surrounding a US$230m loan to Blueberry, a company reportedly controlled by Mr Kang. Cogobuy managed to replace KPMG with Shinewing. Despite the loss of auditor and share price decline, the fraud allegations remain unproven. 

Last updated September 2011

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