SHANGHAI—A drug company at the center of one of China’s biggest corporate crises on Monday suspended trading in its stock, after admitting it had been secretly buying its own shares.
The suspension of Kangmei Pharmaceutical Co. occurred after the market regulator laid out how the Shanghai-listed company had inflated its cash holdings by more than $4 billion, and said it had diverted $1.3 billion into purchasing its own stock.
Oh how shocking. Institutionalized corruption in China.
Remind’s me of Trump calling himself a $10billion-naire
great progress, nice post. We are exited that our crypto community is growing fast. Check our partners instacryptonews they growing really fast.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Money transfers in seconds. A start-up that is trying to usurp Western Union and shake up the $689 billion money transfer marketWestern Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances market in 2011 after its founders became frustrated with fees they were paying on transfers, and unlike many start-ups is already profitable.
Fuente: CNBC - 🏆 12. / 72 Leer más »
Ford to build more Lincolns for Chinese market locally: CFOFord Motor Co plans to start production of new luxury Lincoln models in China fo...
Fuente: Reuters - 🏆 2. / 97 Leer más »
American Express' CMO Elizabeth Rutledge: 'It's really important for us to market the marketing'AmEx CMO Elizabeth Rutledge discusses how the company works with agencies, competes with other financial services companies, and personalize its marketing. Very insightful!
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »