SHINEWING (HK) CPA Limited 信永中和(香港)會計師事務所有限公司

HKICPA fines Shinewing (HK) CPA Ltd and Barry Ip Yu Chak HK$35k
HKICPA, 9-Feb-2015
This relates to the 2008 audit of China Water Industry (1129) and is another joke from the HKICPA - the fine of HK$35k is about 1.4% of the HK$2.58m (including an audit fee of $930k) that the company paid Shinewing in 2008.
Former CEO of Climax (0439) charged with fraud and theft
ICAC, 26-Jan-2011
The auditor for the reports for the years ended 31-Mar-2007 and 31-Mar-2008 was Shinewing (HK) CPA Ltd. They took over after Deloitte resigned, after raising a query "on the validity of certain PRC expenditures" in the sum of HK$10.54m. Deloitte referred to its responsibility to consider fraud in an audit of financial statements. Shinewing subsequently gave a clean audit report for both years.
Skin in the game
In part 3 of a series, we look at the often calamitous IPOs produced by B M Intelligence and its conversion into China Bio-med Regeneration Technology, involving a huge mark-up on the acquisition. We also cover an international organisation run out of a cobbler's shop in Las Vegas, and the recent changes of ownership in CBRT, including a CPPC member who is a big fan of the PLA. (23-Jun-2009)

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