GLOBAL TREND INTELLIGENT TECHNOLOGIES LIMITED

HKICPA fines Wong Yat Fai and Ernst & Young
HKICPA, 27-Jun-2014
Rather pathetic fines of HK$35k for Wong and HK$50k for E&Y, plus costs of HK$550k. The unnamed listed company was Global Trend Intelligent Technologies Ltd, which was delisted on 10-Mar-2005 after the fraudulent IPO.
HKICPA bans and fines Mr Lo Kwai ManReasons
HKICPA, 9-Dec-2011
The unnamed listed company was Global Trend Intelligent Technologies Ltd, which published a fraudulent IPO prospectus and faked its 2002 accounts, for which Chairman Xu Peixin and ED Cai Yajuan were jailed. Co-consiprator Lo gave prosecution evidence under immunity.
Chairman to serve another 12 months (in jail)
ICAC, 26-Sep-2005
HKSAR v Xu Pei Xin and Cai Ya Juan
HK Court of Appeal, 11-May-2005
Toxic IPOs in HK
In this epic article, we take you through the IPOs of at least 14 listed companies, 3 of which have already led to criminal charges. We explain the inter-relationships between the companies, sponsors, lead managers, auditors and the INEDs. Before you buy another IPO, stop and read this article. (21-Mar-2005)
Cancellation of Listing
SEHK, 9-Mar-2005
Chairman and Executive Director jailed for fraud over bogus accounting records
ICAC, 2-Sep-2004
Chairman and Executive Director guilty of fraud over bogus accounting records
ICAC, 1-Sep-2004
Breach of Listing Rules
Company announcement, 29-Apr-2004
Charges against Chairman and an Executive Director
Company announcement, 2-Dec-2003
Chairman and an executive director charged with alleged fraud
ICAC, 26-Nov-2003
Breach of Listing Agreement
Company announcement, 29-Sep-2003
Investigation of Chairman and an executive director by ICAC
Company announcement, 16-Jun-2003
Response by Ernst & Young to arrest by ICAC of partner
Company media release, 9-Jun-2003
Arrests for suspected corruption
ICAC, 7-Jun-2003

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