http://www.ft.com/cms/s/0/12160ec6-0ea9-11e5-8aca-00144feabdc0.html#axzz3cdjiAPgg

June 9, 2015 5:59 pm

Noble shares fall as critic calls for chairman’s resignation

Neil Hume and David Sheppard in London

Noble chief executive Yusuf Alireza has defended the commodities trader’s accounting practices

Noble Group shares fell to their lowest level since 2009 after a former Morgan Stanley executive launched a broadside against Asia’s biggest commodities trader and analysts raise questions about its finances. Continue reading →

http://blogs.wsj.com/cfo/2015/06/05/sec-may-seek-more-information-from-audit-committees/

Jun 5, 2015

SEC May Seek More Information from Audit Committees

EMILY CHASAN

U.S. securities regulators are preparing a “concept release” that could push corporate boards of directors to disclose more about how they oversee their outside auditors, a top official said on Friday. Continue reading →

http://www.valuewalk.com/2015/06/vipshop-vips-j-cap

J Capital Again Sounds the Alarm on VIPShop (VIPS) Lack of Disclosure

Posted By: Emily StewartPosted date: June 09, 2015 02:44:45 PMIn: Top StoriesNo Comments

J Capital Research continues to sing the same tune on Vipshop Holdings Ltd (VIPS): investors beware. On May 13, the Hong Kong-based firm issued a report on Vipshop Holdings Ltd dropping its price target on the stock to zero, contending company has massively overstated its revenue, profits and assets in SEC filings. And on June 2, it released yet another report on VIPS elaborating its case further.

“We believe that VIPShop is overstating its revenue and diverting capital investment into companies that have not been reported to the investors and in some cases are privately owned by members of the management team,” writes Anne Stevenson-Yang, research director of J Capital Research, in the report. Continue reading →

http://english.caixin.com/2015-06-04/100816216.html

06.04.2015 18:00

Special Effects Firm’s Stock Tumbles, as Does a Tycoon; Che Feng, of Digital Domain Holdings, said to be detained in capital day before firm’s share price slumped 40 percent

By staff reporters Wang Duan and Yu Ning and intern reporter Cui Xiankang

(Hong Kong) – The mysterious Chinese businessman behind a Hong Kong-listed movie special effects company that saw its share price fall by more than 40 percent on June 3 was detained by investigators in Beijing a day earlier, people with knowledge of the matter say. The sources did not say who detained Che Feng, who owns a stake in Digital Domain Holdings Ltd. His mobile phone was switched off, they said. Che, 45, is a major shareholder, through several of his investment vehicles, in at least four companies listed in Hong Kong, including Digital Domain. Digital Domain’s share price fell to HK$ 1.26 per share on June 3, down 41.4 percent from the previous day, amid speculation that its top managers were being investigated, an accusation an executive at the company denied. Continue reading →

http://www.wsj.com/articles/lixils-china-woes-trigger-losses-of-533-million-1433322234

http://www.ft.com/intl/cms/s/0/3bb3b760-098b-11e5-8534-00144feabdc0.html#axzz3bzDeABZV

Lixil’s China Woes Trigger Losses of $533 Million: Losses stem from accounting scandal at Joyou unit

ERIC PFANNER And MEGUMI FUJIKAWA

Updated June 3, 2015 5:25 a.m. ET

TOKYO— Lixil Group Corp., a Japanese provider of bathroom fixtures and building supplies that has expanded aggressively overseas, said Wednesday that an accounting scandal at a subsidiary operating in China would cause up to ¥66.2 billion ($533 million) in one-time losses. Continue reading →

http://www.bloomberg.com/news/articles/2015-06-03/hong-kong-has-another-boom-to-bust-stock-mystery-digital-domain

Hong Kong Has New Boom-to-Bust Stock Mystery: Digital Domain

by Kana Nishizawa

June 3, 2015 — 2:10 PM SGTUpdated on June 3, 2015 — 6:39 PM SGT

Digital Domain Holdings Ltd. became the latest Hong Kong stock to tumble after surging more than 500 percent in a matter of months, following declines in Hanergy Thin Film Power Group Ltd. and Goldin Financial Holdings Ltd.

The company, which owns a majority stake in the visual-effects producer for Hollywood movies including Iron Man 3, sank as much as 61 percent in Hong Kong Wednesday without an immediate explanation. The stock closed 41 percent lower amid record volume. Digital Domain was unaware of any reason for the drop, according to a regulatory filing, while the company declined to immediately comment in response to questions. Continue reading →