Diversified Hong Kong conglomerate, Realord, initially listed on the Hong Kong Exchange as Cheong Ming Holdings in January 1997. Three names changes later and it re-emerged as Realord Group in August 2014. In other words, it was the product of a reverse merger. Realord was attacked by short-seller Emerson Analytics in August 2019 which alleged that the company was faking its sales and profits, primarily from its Guanlan and Guangming properties. In a second report, the short-seller stated that Deloitte should resign which it duly did in January 2020, citing professional risk. Despite the turmoil in the Chinese property sector at the time of writing (June 2022), Realord's share price was still more than double that at the time of the fraud allegations were made in August 2019. While the resignation of Deloitte was a partial victory for the short-seller, Emerson Analytics, the main thrust of the allegations were not proven.

Last updated June 2022.

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