Modern Beauty Salon Holdings Limited 現代美容控股有限公司

HKICPA fines Lie Kong Sang and PwC HK$50k
HKICPA, 25-Jul-2019
For their audit of Modern Beauty Salon (0919) in 2006-2009, where pre-paid contract revenue was recognised in breach of accounting standards. The case was referred by the Financial Reporting Council.
Cheng Kit Yee v Modern Beauty Salon (HK) Ltd
HK District Court, 19-Jul-2011
Dr Chan Wai Shun v Medical Council of HK
HK Court of Appeal, 25-May-2011
Modern Beauty board ejects Ms Yuen Siu Ping as director
Company announcement, 15-Dec-2009
Modern Beauty Salon Holdings Ltd v Unicity Hong Kong Ltd
HK Court of First Instance, 16-Nov-2009
Amazingly, Modern Beauty claims to have spent $133.745m on advertising its cosmetics products over 6 years, whilst only generating sales of those products of $74.784m, according to the judgment. In realtity, this was the group's entire advertising spend and including other products or services.

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