Following news that Zhongwang, a PRC aluminium producer,
will clarify its earlier denial of wrongdoing in its offering
document, sponsors lawyers in Hong Kong have started to
worry about the transparency of issuers once more.
When IFLR spoke to an in-house counsel about the
Zhongwang case, he gave his views on what sponsors should do
when they suspect a listing company could be falsifying
I recently ran a due diligence on a Chinese company
wishing to list....