171 companies have IPO hopes dashed

171 companies have IPO hopes dashed

China Daily 17 May 2013 A total of 171 companies have seen their IPO hopes dashed by China’s securities watchdog, triggering doubts about the credibility of IPO agencies, including accounting firms, Securities Daily reported on Friday. Four Chinese accounting...
Consolidation as Dongfeng deals for Fujian Motor

Consolidation as Dongfeng deals for Fujian Motor

China Daily 20 May 2013 In the biggest consolidation in the nation’s fragmented auto industry since 2009, China’s second-largest automaker Dongfeng Motor Corp agreed last week to become a shareholder in Fujian Motor Industry Group Co Ltd. Dongfeng signed a...