Friday 18th September 2009
Still no announcements from Neo-Neon or Tiangong regarding those bogus degrees...
A 100% margin loan
A HK-listed company makes a margin loan of up to 100% of the value of a portfolio held by an anonymous BVI company. Not on commercial terms, but fully compliant with HKEx's lax disclosure rules.
Tiangong INED's bogus degrees
The Audit Committee Chairman of high-speed steel maker Tiangong (0826), claims a hat-trick of bogus degrees, including one which listing sponsor BNP Paribas should have spotted in due diligence.
Neo-Neon CEO's bogus
LED-lighting maker Neo-Neon (1868) appoints a new CEO with a bogus doctorate from a non-existent UK University
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