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Shishi Honourable Shoe Industry Is Suspected Of Financial Fraud &Nbsp; Investigation In Canada.

2011/9/23 10:30:00 48

Previously, in the US NYSE

list

The southeast finance company was suspected of fraud and was forced to start the delisting process.

In recent years, the honorable footwear industry listed in Canada has been questioned about its financial irregularities, which has led to the Canadian Ontario Securities Committee's respect.

footwear industry

Launch an investigation.

At the end of last month, Chinese manufacturers respected footwear industry listed on the Canadian Stock Exchange announced that its audit body Ernst&Young questioned the company's financial irregularities, including bank documents mismatch, and the failure to get relevant bank confirmation.

The financial statements that have been audited by the auditing body have been suspended as the result of the honorable footwear industry up to June 30, 2011. Ernst&Young, the auditing body, pointed out that the honorable footwear industry had suspended the audit of the company due to inconsistent bank documents which made it impossible to obtain bank confirmation.

In addition, the honorable footwear industry also appeared to issue VAT invoices to suppliers.

Recently, the honorable footwear industry also announced that "after its audit body Ernst&Young suspended its audit last month, the Ontario Securities Commission of Canada has launched an investigation into the company."

Production dignity

brand

The honorable footwear of sportswear and casual shoes was first launched in the small and medium plates of the Toronto stock exchange in December 22, 2009, when it raised 37 million 400 thousand yuan (US $35 million 600 thousand), or about two hundred million yuan.

The honourable footwear industry in China is the entity production company in Shishi, and is the largest trading company in Shishi. In 1992, the registered capital was 30 million yuan.

The company is a shoe factory jointly established by Cai Yanda and several brothers. In order to avoid a positive market competition with Chen Dai's sports shoes counterparts, Cai Yanda began to make leather shoes at that time, which was one of the few shoe factories in Jinjiang at that time.

The honorable brand of Shishi Meng Dashi Shoes Co., Ltd. owns two leading products of leather shoes and sports shoes, and is supplemented by a series of sports leisure industry chains such as sportswear and ball games.

The company has hired international superstar Jet Li to speak for him.

The price of honourable footwear has fallen by nearly 90% this year. Since its auditing body Ernst&Young has suspended its audit of the company, its stock price has been suspended.