Shares in Sino-Forest (TRE.TSX) fell more than 20% on Thursday, before trading was halted in Toronto after a research report by Muddy Waters raised questions over the Chinese forestry group’s accounting, the Financial Times reported. The research firm, founded by short seller Carson Block, makes several claims of improper accounting including that “the US$231.1 million […]
Category: Investment
Shares in MGM China Holdings (2282.HK) – a joint venture between MGM Resorts International and Pansy Ho, the daughter of Macau gambling tycoon Stanley Ho – opened 5.6% above their initial public offering price on their Hong Kong debut on Friday, AFP reported. MGM’s shares reached HK$16.20 (US$2.08) when trading began on Friday, higher than […]
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Coca-Cola eyes Shanghai listing
Coca-Cola (KO.NYSE), the world’s largest soft drink manufacturer, is in discussions with Chinese officials about the possibility of listing shares in Shanghai as it seeks to increase its presence in the country, Bloomberg reported. While China has the world’s third largest stock market, companies including HSBC Holdings (HBC.NYSE, HSBA.LSE, HSB.Euronext, 0005.HK) are seeking permission to […]
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Renren
No use waiting for this one to get cool
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China Sky One Medical
This traditional Chinese medicine peddler’s results are too good to be true