36 Five Chinese companies to delist from Wall Street on the same day (www.business-standard.com) posted 1 year ago by bubble_bursts 1 year ago by bubble_bursts +36 / -0 17 comments share 17 comments share save hide report block hide replies
"The news comes as the Securities and Exchange Commission increases its scrutiny of Chinese companies' audits, CNN reported."
I've always told people that you can never trust the financial statements of these state-owned companies.
Oh, just you wait until you realise that every fortune 500 company has two sets of books, same as the Fed.