Reverse-Merger Companies from China# Stock
c*i
1 楼
(1) David Barboza and Azam Ahmed, A Thorn to Some Chinese Companies. New
York Times, June 10, 2011
http://dealbook.nytimes.com/2011/06/09/muddy-
waters-research-is-a-thorn-to-some-chinese-companies
/?scp=1&sq=A%20Thorn%20to%20Some%20Chinese%20Companies%20muddy&st=cse
("Today, there are more than 500 such Chinese [reverse merger] companies in
the United States, collectively worth billions of dollars")
Quote:
"After the series of negative calls decimated the stocks of the Chinese
companies, Mr. {Carson C] Block says he has received death threats and
harassing phone calls and e-mails.
"But he said he would continue to publish his research. He says he believes
investors and auditors need to understand how businesses operate in China.
"He explains by way of the firm’s name, Muddy Waters. It’s derived from a
Chinese phrase that says the easiest way to catch fish is by muddying the
water, forcing it to the surface.
“'You kick up the silt, and they rush to the top of the water,' he said of
the Chinese proverb.
Note:
(a) Sino-Forest Corporation 加拿大嘉汉林业国际有限公司
http://www.sinoforest.com/
(formed in 1994)
See the stock price chart in the lower right corner of the home page.
(b) Orient Paper, Inc (real identity: 河北省保定市东方造纸有限公司)
(2) Dinny McMahon, 'Backdoor' China Plays Under Fire. Wall Street Journal,
June 10, 2011
http://online.wsj.com/article/SB10001424052702
304778304576375403437451750.html
("The SEC's ability to discipline these companies is limited. Reverse
takeovers are legal, and the agency's jurisdiction doesn't extend into China
, so it can't subpoena documents and people. With company assets and most
senior executives in China, the U.S. has limited scope to enforce any
decisions against them")
Note:
(a) China MediaExpress Holdings Inc. 中国高速频道
http://www.gstv.cc/
(This URL no longer works)
(b) Deloitte
http://en.wikipedia.org/wiki/Deloitte
(Deloitte Touche Tohmatsu Limited is the largest private professional
services organization in the world; has approximately 170,000 staff at work
in more than 140 countries; global headquarters at Manhattan; section 1
History)
(c) RINO International Corp
(real identity: Dilain RINO Environmental Engineering Science and Technology
Co, Ltd 大连绿诺环境工程科技有限公司
http://www.rinogroup.com
)
York Times, June 10, 2011
http://dealbook.nytimes.com/2011/06/09/muddy-
waters-research-is-a-thorn-to-some-chinese-companies
/?scp=1&sq=A%20Thorn%20to%20Some%20Chinese%20Companies%20muddy&st=cse
("Today, there are more than 500 such Chinese [reverse merger] companies in
the United States, collectively worth billions of dollars")
Quote:
"After the series of negative calls decimated the stocks of the Chinese
companies, Mr. {Carson C] Block says he has received death threats and
harassing phone calls and e-mails.
"But he said he would continue to publish his research. He says he believes
investors and auditors need to understand how businesses operate in China.
"He explains by way of the firm’s name, Muddy Waters. It’s derived from a
Chinese phrase that says the easiest way to catch fish is by muddying the
water, forcing it to the surface.
“'You kick up the silt, and they rush to the top of the water,' he said of
the Chinese proverb.
Note:
(a) Sino-Forest Corporation 加拿大嘉汉林业国际有限公司
http://www.sinoforest.com/
(formed in 1994)
See the stock price chart in the lower right corner of the home page.
(b) Orient Paper, Inc (real identity: 河北省保定市东方造纸有限公司)
(2) Dinny McMahon, 'Backdoor' China Plays Under Fire. Wall Street Journal,
June 10, 2011
http://online.wsj.com/article/SB10001424052702
304778304576375403437451750.html
("The SEC's ability to discipline these companies is limited. Reverse
takeovers are legal, and the agency's jurisdiction doesn't extend into China
, so it can't subpoena documents and people. With company assets and most
senior executives in China, the U.S. has limited scope to enforce any
decisions against them")
Note:
(a) China MediaExpress Holdings Inc. 中国高速频道
http://www.gstv.cc/
(This URL no longer works)
(b) Deloitte
http://en.wikipedia.org/wiki/Deloitte
(Deloitte Touche Tohmatsu Limited is the largest private professional
services organization in the world; has approximately 170,000 staff at work
in more than 140 countries; global headquarters at Manhattan; section 1
History)
(c) RINO International Corp
(real identity: Dilain RINO Environmental Engineering Science and Technology
Co, Ltd 大连绿诺环境工程科技有限公司
http://www.rinogroup.com
)