KPMG (HK)

Cogobuy (0400): breach of Listing Rules: late disclosure of loans to Blueberry Capital Ltd
Company announcement, 22-Jan-2018
Cogobuy reveals that during 2017 it granted a US$230m loan facility to Blueberry. KPMG quit as auditors 5 weeks ago citing insufficient information to be satisfied that the loans were properly accounted for. Cogobuy again fails to mention that the BVI firm was a cornerstone investor in its 2014 IPO. The owner(s) of this firm have not been disclosed. We note that Viewtran Group Inc, a former NASDAQ firm controlled by Jeffrey Kang, Cogobuy's CEO, sold substantially all its assets to Blueberry in 2015 for US$70m before delisting and retaining the proceeds. This is the only other reference to Blueberry that we can find online. So who owns it, Mr Kang?
KPMG partners face court contempt over China audit
Reuters, 20-Dec-2017
KPMG quits as Cogobuy (0400) auditor, questioning loans to Blueberry Capital Ltd
Company announcement, 15-Dec-2017
KPMG say they have not been given sufficient information about certain loans granted by Cogobuy to Blueberry Capital Limited during 2017. Cogobuy doesn't mention that Blueberry Capital Limited was a cornerstone investor in its IPO in 2014. Its owner(s) have not been disclosed.
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 26-Jul-2017
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 19-May-2017
China Medical Technologies, Inc. v KPMG
HK Court of Appeal, 12-Apr-2017
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 10-Feb-2017
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 12-Jan-2017
The liquidators continue their struggle to extract information from KPMG, which claims "state secrets" prevent it from co-operating.
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 3-Jun-2016
China Medical Technologies, Inc. v KPMG
HK Court of First Instance, 24-Feb-2016
HKICPA fines Mr Chui Yiu Chung HK$20k + costs
HKICPA, 26-Aug-2014
HKICPA disciplines Leung Sze Chit, of KPMG/Hontex fameReasons
HKICPA, 9-Aug-2013
By a 4:1 majority - one unnamed member of the Disciplinary Committee dissented and opined that "another more cuplable person in the whole matter as revealed in the evidence before this Committee should have been pursued".
SFC revokes licence of Mega Capital (Asia) Co Ltd, fines it HK$42m for Hontex mess
SFC, 22-Apr-2012
Mega Capital denies all allegations of wrongdoing. The timing of this announcement, made at 4pm on a Sunday afternoon, may be intended to buttress the case for greater sponsor liability in a consultation paper expected soon. Some of the allegations though, appear to relate to accounting data, the verification of which should have been the purview of reporting accountants KPMG. The SFC does not regulate accountants.
China Forestry (0930): KPMG quits as auditor
Company announcement, 5-Jan-2012
Sun Art (6808) listing delayed: EPS calculations were wrong
Company announcement, 15-Jul-2011
The Reporting Accountants are KPMG, who ought to know better.
KPMG auditor cleared of taking bribe for work on Hontex's Hong Kong IPO
Bloomberg, 28-Apr-2011
Qunxing Paper (3868): KMPG disclaims audit opinion
Company announcement, 31-Mar-2011
"We identified inconsistencies between...the Group's accounting records...and independently obtained information" from customers and suppliers."documents contained in the Group's accounting records relating to some of the Group's bank transactions may not be authentic or otherwise reliable."
Moulin Global Eyecare Holdings Ltd & others v KPMG
HK Court of First Instance, 29-Sep-2010
KPMG quits as auditor of Artini China (0789) after qualifying its audit opinion
Company announcement, 24-Aug-2010
In fact, p42 of the annual report filed on 1-Aug says that KPMG will not see re-appointment at the AGM. The implication in this announcement is that KPMG told the company it would quit in a letter dated 17-Aug, and it took another week to announce the reasons.
Moulin Global Eyecare Holdings Ltd v KPMG
HK Court of First Instance, 8-Jun-2010
Moulin Global Eyecare Holdings Ltd v KPMG
HK Court of First Instance, 8-Jun-2010
KPMG quits as Hontex auditor, cites cash gifts offered to audit staff
Company announcement, 13-May-2010
KPMG senior manager faces additional bribery charge over Hontex
ICAC, 7-May-2010
The ICAC charge against a KPMG staff member
Company media release, 8-Apr-2010
Court continues interim injunction to freeze Hontex assets
SFC, 8-Apr-2010
"The SFC alleges that Hontex's financial position as outlined in its IPO prospectus has been materially overstated."
KPMG senior manager charged with bribery over Hontex IPO
ICAC, 8-Apr-2010
Moulin Global Eyecare Holdings Ltd v KPMG
HK Court of First Instance, 10-Feb-2010
Administrator appointed for Tiffit Securities (Hong Kong) Ltd
SFC, 24-Jul-2006

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