Chinese education company Hailiang Education listed on the NASDAQ in July 2015. It was attacked by three short-sellers in April 2018, alleging corporate governance abuses and fraudulent practices. Some of the concerns focused on its underwriter, auditor churn, CFO churn, board member resignations and the transfer of cash to a related entity. The report failed to prompt any resignations and as such the allegations remain unproven. At the time of writing, Hailiang was in the process of being taken private.

Last updated May 2022 

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