Hanergy Cancels Related-Party Deal with Parent Company to Buy $6.52 Billion Worth of Solar Panels


Hanergy Cancels Deal with Parent Company to Buy Solar Panels

Panel manufacturer said earlier this year it would buy solar panels from its privately-held parent


Updated July 20, 2015 9:04 p.m. ET

HONG KONG—A Chinese solar-equipment maker at odds with Hong Kong’s securities regulators said Monday it canceled a deal with its parent company to buy up to HK$50.51 billion ($6.52 billion) worth of solar panels. Continue reading


How an obscure toy maker was transformed into Hanergy Thin Film, a solar group whose value touched $40bn before a dramatic fall back to earth


July 20, 2015 6:40 pm

FT Investigation: The strange tale of ticker ‘566’

Miles Johnson, Lucy Hornby and Cynthia O’Murchu

Hanergy Complex Transactions

How an obscure toy maker was transformed into Hanergy Thin Film, a solar group whose value touched $40bn before a dramatic fall back to earth Continue reading

Accounting Scandal Upends Toshiba’s Lauded Reputation; 2 bosses’ rivalry helped fuel Toshiba’s bad accounting; Toshiba may face shareholder lawsuits

Accounting Scandal Upends Toshiba’s Lauded Reputation
22 July 2015

TOKYO — Few companies in Japan convey respectability like Toshiba, the sprawling industrial conglomerate that, to the surprise of many here, has found itself at the center of one of the country’s largest accounting scandals.

Toshiba’s chief executives have for decades sat at the apex of Japan’s establishment — civic leaders as much as business managers, in many people’s eyes. One boss from the 1990s went on to run the Tokyo Stock Exchange, then the national postal system. The company features on a prominent index of businesses thought to combine profitability with clean, modern corporate governance. Continue reading

The 7 Biggest Corporate Scandals in Japan


The 7 Biggest Corporate Scandals in Japan

by Dave McCombs

July 21, 2015 — 10:38 AM SGT

Toshiba Corp.’s $1.2 billion accounting scandal, caused by top executives setting unrealistic profit targets, ranks among the largest for Japanese companies. An industrial group that makes everything from nuclear reactors to microchips and home appliances, Toshiba said Monday it must correct profit over more than six years, the biggest such adjustment since Olympus Corp.’s $1.7 billion accounting scandal in 2011. No charges have been filed against Toshiba or its executives in the case. Here is a list of the biggest accounting scandals in Japan. Continue reading

SME IPO scam: BSE calls for 3-yr lock-in for promoters equity

SME IPO scam: PwC calls for 3-yr lock-in for promoters equity

19 July 2015

Press Trust of India

Mumbai, Jul 19 (PTI) Amid Sebi banning as many as 239 entities for alleged money laundering, taxation consultancy PwC has called for a three-year locking-in for the entire pre-listing capital held by promoters to curb tax evasion and other illegal activities through market platforms. The agency has called for imposing a similar lock-in even for preferential allotments, as prescribed under the capital and disclosure requirement (ICDR) norms so that only serious investors access the market. The PwC report is part of a BSE-mandated review of SME listing process. Continue reading