http://news.mk.co.kr/newsRead.php?year=2015&no=286524

Daewoo E&C plunges on accounting fraud allegation

26 March 2015

Maeil Business Newspaper

Shares in Daewoo Engineering & Construction plunged Thursday morning on concerns that the builder may receive a sanction for possible accounting fraud. The company’s stock price sank 7.43 percent to trade at 7,600 won at 10:55 a.m. Sources said financial authorities found a clue that the builder committed accounting irregularities worth more than 1.4 trillion won ($1.27 billion) and are poised to impose a sanction. A local media reported the Financial Supervisory Service will bring the case to a review committee. Daewoo Engineering & Construction and its accounting firm are declining the accounting fraud allegation.

http://www.moneylife.in/article/stock-manipulation-icvl-chemicals/40837.html

Stock manipulation: ICVL Chemicals

19 March 2015

Moneylife

ICVL Chemicals went up nearly 100 times or 9841% in just over a year with marginal profits

ICVL Chemicals was earlier into trading of chemicals, shares and providing ‘advisory and consultancy services’. Listed in 2012, the company’s management changed hands in May 2014. Ram Alloy Castings became the new promoter. In January 2015, the registered office of ICVL Chemicals was shifted from Mumbai to Delhi and mineral extraction was included as additional business. With almost nil revenues reported in FY12-13 and FY13-14, ICVL Chemicals has begun to report revenues in the past two quarters. For the quarter ended September 2014 and December 2014, revenues were Rs4.09 crore and Rs8.30 crore, respectively. Net profit was just Rs5 lakh and Rs9 lakh, respectively. But does any of this have any bearing on its stock prices? The share price has risen from Rs2.20 on 13 December 2013 to as high as Rs218.70 on 5 March 2015—a rise of nearly 100 times or 9841%. Over the one-year period ended December 2014, the stock averaged just two-three trades a day, most of the time hitting the upper circuit. This is clearly a case of money laundering and tax evasion. At the current price, the stock is valued at a price-to-earnings of about 7,046 times. Will the regulators and tax authorities care to investigate?

http://www.ft.com/intl/cms/s/0/133f0c24-d2e2-11e4-b7a8-00144feab7de.html#axzz3VT7ltQpF

March 25, 2015 7:12 pm

Hanergy’s soaring share price raises questions; Hong Kong authorities need to satisfy themselves on the solar group

A Financial Times investigation over the past few weeks has shone a light on Hanergy, a Beijing-based solar business. One of a host of Chinese ventures that have achieved listings in Hong Kong in recent years, the company stands out mainly for the explosiveness of its stock price performance. Shares in Hanergy Thin Film, its 73 per cent owned Hong Kong-quoted subsidiary, have risen by about 1,800 per cent since the beginning of 2013. Continue reading →