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.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
Ford to build more Lincolns for Chinese market locally: CFOFord Motor Co plans to start production of new luxury Lincoln models in China fo...
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »
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!
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »