US-listed reverse mergers: Painting it red
Moneylife Digital Team 16 June 2011

Lax US laws allow scores of fraudulent Chinese companies the glamour of American listing through reverse mergers. Many are now collapsing

Hundreds of small Chinese companies have entered the US markets through reverse mergers. Many of them, it appears, have phoney financials. For Chinese companies to register on the Shanghai Stock Exchange is an arduous task. The easier route for them is to...

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