Forwarded from 📡Guardians of Hong Kong
Chinese Investors in South Korean listings Are Repeatedly Delisted; Fictitious mask Contracts Cost Korean Investors $2.7 billion
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is “made out of nothing”, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in China’s Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
Forwarded from 📡Guardians of Hong Kong
Exclusive: Investors press companies on human rights in Xinjiang
A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions.
The group of more than 50 investors, backed by the Interfaith Center on Corporate Responsibility, said it is in the process of contacting more than 40 companies, including H&M, VF Corp, Hugo Boss and Zara-owner Inditex, requesting more information about their supply chains and urging them to quit situations that could lead to human rights abuses.
Source: Reuters #Mar31
https://reut.rs/31wruU3
#China #Investors #HumanRights #Xinjiang
A group of religious and socially conscious investors and other funds are ramping up pressure on Western companies over alleged human rights abuses in China’s Xinjiang region, highlighting the challenges for brands trying to maintain their business ties amid rising tensions.
The group of more than 50 investors, backed by the Interfaith Center on Corporate Responsibility, said it is in the process of contacting more than 40 companies, including H&M, VF Corp, Hugo Boss and Zara-owner Inditex, requesting more information about their supply chains and urging them to quit situations that could lead to human rights abuses.
Source: Reuters #Mar31
https://reut.rs/31wruU3
#China #Investors #HumanRights #Xinjiang
Forwarded from China in Focus - NTD
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#Investors have rushed to divest from China’s health sector. They fear that Beijing's #crackdown in tech and education will hit the medical industry next.
🔶 Watch the full episode👉https://youtu.be/Td8iH2euIyg
🔶 Watch the full episode👉https://youtu.be/Td8iH2euIyg
Forwarded from China in Focus - NTD
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#Investors have rushed to divest from China’s health sector. They fear that Beijing's #crackdown in tech and education will hit the medical industry next.
🔶 Watch the full episode👉https://youtu.be/Td8iH2euIyg
🔶 Watch the full episode👉https://youtu.be/Td8iH2euIyg
Forwarded from China Insider With David Zhang
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With the #CCP vigorously attacking its own companies, what does this mean for #investors in the #UnitedStates and the rest of the world?
🔥Watch here👉https://youtu.be/v8z0rzqnftc
🔥Watch here👉https://youtu.be/v8z0rzqnftc
Forwarded from 📡Guardians of Hong Kong
China’s Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead.
In recent months, China has blown up what would have been the world's largest initial public offering, launched probes into some of its biggest technology companies, and wiped out more than $1 trillion in market value while investors scramble for cover.
There are many signs it isn't over yet.
Investors, analysts and company executives believe the government is just getting started in its push to realign the relationship between private business and the state, with a goal of ensuring companies do more to serve the Communist Party's economic, social and national-security concerns.
Source: WSJ #Aug05
https://www.wsj.com/articles/china-corporate-crackdown-tech-markets-investors-11628182971
#China #Investors #Analysts #Company
In recent months, China has blown up what would have been the world's largest initial public offering, launched probes into some of its biggest technology companies, and wiped out more than $1 trillion in market value while investors scramble for cover.
There are many signs it isn't over yet.
Investors, analysts and company executives believe the government is just getting started in its push to realign the relationship between private business and the state, with a goal of ensuring companies do more to serve the Communist Party's economic, social and national-security concerns.
Source: WSJ #Aug05
https://www.wsj.com/articles/china-corporate-crackdown-tech-markets-investors-11628182971
#China #Investors #Analysts #Company
Forwarded from China in Focus - NTD
Are #Investors selling their #ChineseBonds, and is China trying to hide it? The country's main bond trading platform has quietly stopped reporting that data.
⭕️ Watch the full episode 👉https://ept.ms/SteveWynn
⭕️ Limited-time Offer👉https://ept.ms/EpochTVAnniversary_Tiffany
⭕️ Watch the full episode 👉https://ept.ms/SteveWynn
⭕️ Limited-time Offer👉https://ept.ms/EpochTVAnniversary_Tiffany
www.theepochtimes.com
US Accuses Steve Wynn of Acting as Chinese Agent
The Justice Department is suing Steve Wynn. The former CEO of Wynn Resorts is accused of acting as ...
Forwarded from China in Focus - NTD
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The #FBI chief gives the bureau’s first-ever warning about #TikTok and explains why he’s “extremely concerned” about the popular social media app.
Are #Investors phasing out of China? Warren Buffett is selling Chinese electric carmaker stock and buying up shares in a Taiwanese microchip producer.
⭕️ Watch the full episode 👉https://ept.ms/FleeingChina1116
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Are #Investors phasing out of China? Warren Buffett is selling Chinese electric carmaker stock and buying up shares in a Taiwanese microchip producer.
⭕️ Watch the full episode 👉https://ept.ms/FleeingChina1116
🔵 Enjoy 50% OFF 👉https://ept.ms/3bFhoZB
Forwarded from China in Focus - NTD
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#COVID19 cases are surging in #China. #Stadiums turned into makeshift fever clinics. And concerns about new variants is running high.
Expectations for China's growth are plummeting to their lowest in decades. Foreign #Investors offloaded $100 billion worth of Chinese bonds in 10 successive months.
⭕️ Watch the full episode 👉https://ept.ms/100BChineseBonds
Expectations for China's growth are plummeting to their lowest in decades. Foreign #Investors offloaded $100 billion worth of Chinese bonds in 10 successive months.
⭕️ Watch the full episode 👉https://ept.ms/100BChineseBonds
Forwarded from China in Focus - NTD
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Billions of dollars are pouring out of #China, as global #investors lose confidence—a whopping $3.17 billion gone within five days. But what's shaken investors' confidence, especially amid China's promises of opening up post-pandemic? This comes as tensions between the United States and China remain high—from Taiwan, to TikTok, to semiconductors.
https://ept.ms/3BExitsChinain5Days_CIF
https://ept.ms/3BExitsChinain5Days_CIF