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 →

http://www.moneylife.in/article/stock-manipulation-amforge-industries/41917.html

Stock manipulation: Amforge Industries

28 May 2015

Moneylife

The stock rallied by as much as 756% and, from that level, stock fell 58%. A perfect example of a pump & dump

A mforge Industries was into metal forging business and catered mainly to the automobile industry. In December 2008, the operation of its Chinchwad plant was suspended “due to recession in the automobile industry,” according to the company’s annual report. A lock-out was declared in May 2009 due to unrest among workers. With almost no business activity over the past financial year, Amforge reported negligible revenues from operations. The only income was in the form of interest income and income from trading of equity investments. However, the stock rallied by as much as 756%, to Rs4.28 on 9 July 2014 from Re 0.50 on 1 January 2014. From that level, the stock fell 58%; but; over the past 17 months, the stock is up nearly 226%; to Rs1.63 on 18 May 2015 from Rs0.50 on 1 January 2014. This is a perfect example of a pump & dump operation. The company has over 17,000 individual shareholders; yet, the regulator does not seem to be concerned.

http://business.asiaone.com/print/news/yuuzoos-latest-disclosure-opens-pandoras-box-sgx

YuuZoo’s latest disclosure opens a Pandora’s box for SGX

Saturday, May 30, 2015

R Sivanithy

The Business Times

Maybe it’s only me, but I’m not comfortable with e-payments firm YuuZoo posting a positive research report about itself as an official release on the Singapore Exchange’s (SGX’s) website, especially when YuuZoo paid for the research in the first place.

If all companies start doing what YuuZoo did, then where do we draw the line? Should companies be allowed to post broker reports as well? Since broker reports are not paid research and are purportedly independent, why not? But what if the reports – paid or independent – are negative? In the interests of consistency, should companies also feature them? Continue reading →

http://tech.sina.com.cn/i/2015-05-29/doc-iawzuney6400783.shtml

唯品会又遇美机构强烈看空报告 股价暴跌6%

2015年05月29日23:38   新浪财经 微博    我有话说(40人参与) 收藏本文

新浪财经讯 北京时间29日晚消息，中概股唯品会(VIPS)周五开盘即快速下挫，跌幅最重时超6%。盘前美国独立研究机构：Mithra鉴证研究公司再度发表强烈看空唯品会的报告，认为唯品会存在大量误导市场的行为，维持“强力卖出”评级和2.75美元目标价。 Continue reading →

http://seekingalpha.com/article/3221136-vipshop-more-indications-of-misrepresentation?source=email_global_markets_chi_6_12&ifp=0

Mithra Forensic Research, mithraforensicresearch.com 

Vipshop: More Indications Of Misrepresentation

Must Read  |  May 29, 2015 7:30 AM ET  |  About: Vipshop Holdings (VIPS)

Summary

VIPS has indicated on calls with investors that analysts misunderstood their sales figures for Lefeng; we have found additional information which suggests that VIPS continues to misrepresent Lefeng’s revenues.

Significant and growing losses at Lefeng and Ovation are likely driven by VIPS pushing Operating Expenses onto them.

CFO Yang failed to disclose an ongoing Directorship at Synutra; he also provides a graduation date from Nakai University in SEC filings that differs from that on HBS Alumni website.

Mithra is not associated or affiliated with J Capital or any hedge funds; we ask that analysts, VIPS and the media focus on the issues in the report and update. Continue reading →

http://www.bloomberg.com/news/articles/2015-06-02/troubled-hanergy-s-debt-web-snags-state-banks-to-shadow-lenders

Troubled Hanergy’s Debt Web Snags State Banks to Shadow Lenders

June 2, 2015 — 11:14 AM SGT

One of the many mysteries behind the share price collapse of the solar panel maker controlled by Li Hejun is this: Which of the Chinese billionaire’s many creditors risk losing every yuan they put into his company? Continue reading →

http://www.bloomberg.com/news/articles/2015-05-28/hong-kong-regulator-says-hanergy-affairs-under-investigation

Hong Kong Regulator Says Hanergy Under Probe After Li Denial

byJasmine WangFrederik Balfour

May 28, 2015

Hong Kong’s markets regulator confirmed it’s investigating Hanergy Thin Film Power Group Ltd., brushing aside a denial from the chairman of the solar company that a probe was underway.

“A formal investigation into the affairs of Hanergy Thin Film Power Group Ltd. has been active and is continuing,” the Securities & Futures Commission said Thursday in a statement. Continue reading →