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Fu Cheong International Holdings (FUCHEQ HK)

Year: 2002

Hong Kong printed circuit board manufacturer Fu Cheong listed on the Hong Kong exchange in March 2002. However, just nine months later, in December 2002, after a 95% share price decline, trading in the the company's shares was suspended by the SFC as management was not contactable. That same month, Hong Kong's Independent Commission Against Corruption raided the company's offices. In 2014, management was convicted of faking its financials between 1998 and 2001, and sent to jail. The company is a confirmed fraud.

Last updated January 2022

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