Hongwei Technologies listed on the Singapore stock exchange in 2005. In February 2011, the company announced that Ernst & Young was having difficulty verifying cash balances in China. The company's shares were suspended. In October, the investigation, which was headed-up by KPMG, reported that the cash appeared to have been loaned to suppliers. One of the company's main trading partners was also an undisclosed related party. Liquidators were appointed in December and the stock was delisted in 2014.

Last updated August 2021

The information on this page has been compiled from publicly available sources. GMT Research Limited has not verified the information and does not warrant its accuracy. Any claims made or views expressed are not necessarily those of GMT Research Limited.