KL CPA Limited 浩理會計師事務所有限公司

HKICPA bans Francis Lam Chi Ming and Lee Ho Yee for 2 years, reprimands KL CPA LtdWebb-site Total Return
HKICPA, 22-Jan-2015
This concerns the 31-Mar-2010 audit of Code Agriculture (8153), which has so far been the only HK-listed audit client of the firm. We warned investors about that company on 25-May-2010. The stock has returned -82.19% since then. Mr Lam is also the company secretary of China Aluminium Cans (6898).
Code Agriculture and Nanjing Everyday
Take a RMB8m investment in a start-up TV channel, whip up some projections, sprinkle on a valuation from the ubiquitous BMI Appraisals, add a large pinch of salt according to taste, bake for 2 months and you have a RMB350m sale to Code Agriculture (8153). Too bad that the air then went out of this pudding. (25-May-2010)

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