China Green - Another Fujian fubar

Delays annual results announcement - by not showing up for a prearranged meeting with the analysts (Auditors need more time). Follows up with a filing with the HKEX stating they don't know why the stock is crashing and burning.

Questions being raised about them overpaying for land leases in the Fujian province and being compared to Enron about how, except for 2009, overly consistent their past earnings have been. Stock was down 45% at one stage.

Their investors will be staring down the abyss...