Day: January 6, 2015

[Flashback] ‘Fast Eddy’ leaves ABC Learning investors reeling

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Reminiscence of an Asian accounting fraud case – Australia’s ABC Learning

Posted by Amy CHAN Wen Yi, final year undergrad at the School of Accountancy, Singapore Management University

http://www.abc.net.au/news/2008-08-27/fast-eddy-leaves-abc-learning-investors-reeling/490536

http://www.smh.com.au/business/fiveyear-suspension-for-former-abc-learning-auditor-20120808-23uj8.html​

http://www.wsws.org/en/articles/2008/09/abcl-s30.html

‘Fast Eddy’ leaves ABC Learning investors reeling

Greg Hoy

Updated 28 Aug 2008, 10:26amThu 28 Aug 2008, 10:26am

Until six months ago, the world’s biggest child care operator, ABC Learning, looked like one of Australia’s great corporate success stories.

Looks can be deceiving, as ABC’s investors discovered the hard way. Continue reading →

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Founder Group executives held in graft probe following Zenith allegations that executives have committed insider trading, selling state assets, rigging stocks, as well as bribery and forgery of documents

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http://www.scmp.com/print/business/china-business/article/1674119/beijing-zenith-proposes-three-candidates-join-board-founder

Founder executives held in graft probe following Zenith allegations

Monday, 05 January, 2015, 11:26am

Toh Han Shihhanshih.toh@scmp.com

Senior executives of securities firm’s parent held for questioning after two months of corruption accusations by shareholder Zenith

Top executives of Peking University’s Founder Group, the parent of Founder Securities which has been hit by allegations of corruption, have been taken away for questioning, Founder confirmed.

Founder Group chairman Wei Xin, chief executive Li You and  president Yu Li were taken away by mainland authorities on Sunday “to assist with investigations”, the company said. Continue reading →

A little-known Hong Kong-listed firm has come out of nowhere to become the world’s largest solar-power company by market value. A tight relationship with its parent company should give investors reason to worry whether its time in the sun will last

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http://www.wsj.com/articles/solar-giant-hanergy-requires-extra-sunscreen-1420444057

Solar Giant Hanergy Requires Extra Sunscreen

Hanergy Thin Film Power Group shares almost quadrupled in 2014, becoming the world’s largest solar power company by market value.REUTERS

ABHEEK BHATTACHARYA

Updated Jan. 5, 2015 9:30 a.m. ET

A little-known Hong Kong-listed firm has come out of nowhere to become the world’s largest solar-power company by market value. A tight relationship with its parent company should give investors reason to worry whether its time in the sun will last. Continue reading →