3 February, 2021

FRAUDS IN 2020

And those with similar traits

Mark Webb

mark-webb joyy-inc vitasoy-international-holdings-ltd iqiyi-inc china-medical-systems-holdings-ltd 58com tal-education pinduoduo-inc wuxi-biologics huazhu-group-ltd china-feihe-ltd ak-medical-hold luckin-coffee nmc-health china-harmony-auto-holding-ltd jinkosolar-holding wirecard kandi-technologies-group-inc gsx-techedu gds-holdings china-metal-resources-utilization tianneng-power-international hebron-technology wins-finance-holdings ideanomics-inc upl-ltd staar-surgical-company lexin-fintech-holdings-ltd spi-energy-co-ltd seek-ltd ever-sunshine-lifestyle beijing-jingxi-culture-and-tourism cbak-evergy china-aoyuan-group

Insights

18 August, 2020

NEWSLETTER: COMING HOME?

Watch out for the privatisation “squeeze out”

The proposed Holding Foreign Companies Accountable Act could force hundreds of Chinese companies listed on US exchanges to delist over the next few years. For many large companies, seeking a secondary listing in Hong Kong or the mainland is a sensible insurance policy. However, investors should be wary of companies which decide to privatise and then relist. Our analysis of...

12 August, 2020

NEWSLETTER: TECHNOLOGY ONE

Growth illusion

Nigel Stevenson

Technology One’s growth in the last couple of years appears to be an illusion. It has used various accounting tricks to pull forward revenue and profits, artificially creating growth and hiding a major slowdown. New rules on revenue recognition in FY19 have left a big hole in TNE’s profits, which it filled by starting to capitalise development costs, having previously...