Chinese software company Sinosoft originally listed on the London AIM market in 2006 but was privatised in 2010, before relisting in Hong Kong in 2013. It was attacked by anonymous short-seller Zhongkui Research in December 2016 alleging that the company falsely inflated financial performance to ensure the London listing and then suppressed financial performance to privatise at an artificially low rate. Zhongkui believed that Sinosoft had once again artificially inflated its financial performance in order to list in Hong Kong. Three months later, in February 2017, Sinosoft's auditor resigned over the scope of the investigation to review the allegations. The replacement auditor completed the review in a few days, and found the report's allegations groundless. As such, the allegations remain unproven. Since the report, financial and share price performance have disappointed. 

Last updated March 2022 

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