http://www.bloomberg.com/news/articles/2015-07-03/china-firms-fleeing-u-s-listings-leave-bondholders-in-the-dark

China Firms Fleeing U.S. Listings Leave Bondholders in Dark

by Lianting Tu

July 3, 2015 — 10:52 AM SGTUpdated on July 3, 2015 — 5:26 PM SGT

The record pace of Chinese companies leaving U.S. exchanges is spurring concern among bondholders that transparency and corporate governance may worsen. Continue reading →

The Securities and Exchange Board of India (Sebi) has unearthed a huge network of entities, which systematically rigged the initial public offerings (IPO) on the small and medium enterprises (SME) exchange platform. Their operations were so well-planned and coordinated that these carried on for more than a year beginning with preferential allotment several months before the IPO, continuing long after the listing.

Sebi’s investigation has revealed that the scamsters floated these firms, allotted fresh shares to themselves, distributed these to some front entities, sold these on IPO, funded the people who bought these on IPO , appropriated the IPO proceeds, and then funded the group of traders who were then hiking up the prices endlessly. All to convert unaccounted money into legitimate money that can be attributed a source: the stock exchange. Continue reading →

http://www.business-standard.com/article/pti-stories/ketan-parekh-scam-icai-blames-litigations-for-delay-in-action-115063001033_1.html

http://www.business-standard.com/article/current-affairs/ten-years-on-icai-probe-into-gtb-auditors-role-still-not-complete-115062900065_1.html

Ketan Parekh scam: ICAI blames litigations for delay in action

30 June 2015

Press Trust of India

New Delhi, Jun 30 (PTI) With over a decade having passed since auditors’ role came into question in the Ketan Parekh stock market scam, auditing regulator ICAI has blamed “litigations and frequent adjournments” for delay in its action against the concerned member auditors. Continue reading →

http://english.caixin.com/2012-01-21/100350742.html

01.21.2012 15:30

Exit Barriers for U.S.-Listed Chinese Stocks: Chinese companies, some of which stung by accounting scandals on U.S. stock markets, are now struggling to privatize, delist and move on

By staff reporters Huo Kan in New York and Zhang Tao in WashingtonJinan-based software developer Pansoft Co. Ltd. says it’s going private, climbing aboard an increasingly crowded life raft as Chinese companies abandon U.S. stock investors. As of mid-January, some 20 of the 230 Chinese companies with stock traded on the New York or Nasdaq exchanges had announced privatization plans. At least eight in the group had completed the process. The privatization push, expected to accelerate in 2012, stands in stark contrast to the scene in early 2011 when Chinese companies were frantically competing to list on U.S. stock markets. That was before accounting scandals and short-sellers hammered a few high-profile companies, damaging the image of Chinese concept stocks overall. Continue reading →

http://economists-pick-research.hktdc.com/business-news/article/Economic-Forum/Reasons-Impacts-and-Implications-of-the-Delisting-Wave-of-Mainland-Chinese-Enterprises-Listed-in-U-S-Stock-Markets/ef/en/1/1X000000/1X07SY24.htm

30 Nov 2011

Reasons, Impacts, and Implications of the Delisting Wave of Mainland Chinese Enterprises Listed in U.S. Stock Markets

Since 2011, a series of Mainland Chinese enterprises listed in U.S. exchanges have been suspended, delisted, privatized, or reverted to over-the-counter transactions. This phenomenon attracted wide-spread media attention, and the companies involved include Xinhua Sports and Entertainment, Shanda Interactive Entertainment, FunTalk, Jiangbo Medicine Group, China Security Surveillance Technology, and Shandong Yuhe Group. This paper analyzes the reasons and impacts of the delisting wave as well as its implications on Hong Kong’s IPO capacities and the consolidation of the city’s status as an international financial center.

The variety of factors that triggered the delisting wave
Since mainland enterprises started going public in overseas markets in early 1990’s, the U.S. has been a main destination. There have been four episodes of IPO booms in America (see Table 1), with Internet companies such as Renren, NetQin, Jiayuan.com, and Qihu 360 Technology going public in the first half of 2011. The turning point was the second half of last year, when an increasing number of Chinese companies were delisted or privatized due to fraud litigations and short-selling pressure from institutional investors. Continue reading →