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CLIMAX INTERNATIONAL COMPANY LIMITED


Former CEO of Climax (0439) charged with fraud and theft
ICAC, 26-Jan-2011
The auditor for the reports for the years ended 31-Mar-2007 and 31-Mar-2008 was Shinewing (HK) CPA Ltd. They took over after Deloitte resigned, after raising a query "on the validity of certain PRC expenditures" in the sum of HK$10.54m. Deloitte referred to its responsibility to consider fraud in an audit of financial statements. Shinewing subsequently gave a clean audit report for both years.

The paid advert opposing the blackout rule
Click on "Orgs" or "People" below to get a list of signatories, scroll down, then click on their names to go to the signatory you are interested in. (29-Dec-2008)

Result of investigation by independent accountants
Company announcement, 12-Mar-2008
They were "unable to conclude whether the Refurbishment and Advertising Expenses and entertainment Expenses were genuinely incurred for the purposes of and necessary for the business operations of the Group."

Change of auditors
Company announcement, 31-Mar-2007
Deloitte resigns, after raising a query "on the validity of certain PRC expenditures" in the sum of HK$10.54m. Deloitte refers to its responsibility to consider fraud in an audit of financial statements. It is unable to complete its audit.

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