Chances are that if you’ve owned a company accused of profit shifting through related party transactions, you’ve lost a ton of money. The problem is that this is somewhat of a national sport in Hong Kong and Singapore with over 90% of large listed companies engaged in it. So at what level should investors become concerned? To answer this, we’ve downloaded the financials of 360 companies and derived a shortlist of 15 private ones where related party transactions exceed 20% of combined sales and expenses. As you would expect, recent scandals, Hanergy and Silverlake, are on the list…but not at…
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