Matters in the HKEX are obviously dire when the esteemed CEO of the whorehouse manages to utter gems like this...
"The U.S.-listed Chinese companies running into accounting problems would not have been able to list in Hong Kong, Hong Kong Exchanges and Clearing Ltd (0388.HK) Chief Executive Officer Charles Li told cable network CNBC on Friday."
The fool should take some time to read about the frauds in his whorehouse happening under his watch.... Ocean Grand, Fuji, Chaoda, First Natural, Akai, ...
He follows it up with more pungent garbage:
"He added that while the U.S. exchanges are disclosure-based, the Hong Kong Exchange is prescriptive, requiring companies to do certain things before they list"
How was the IPO application of Resourcehouse approved when it had never had profits?
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