Nasdaq disclosure pushes China listings to Taiwan

Author: | Published: 18 May 2011

Chinese technology companies with financial disclosure problems on Nasdaq will soon consider Taiwan as an alternative to raise capital.

According to Amiral Advisors managing director Kenneth Lee, many companies that underwent backdoor listings on the Nasdaq did not raise money or receive analyst coverage. "Higher costs from Sarbanes-Oxley and differences in accounting standards will attract these companies...