Lee, Ping Kai (Pan-China) 李炳佳
HKICPA fines Eugene Fung Pui Cheung, Lee Ping Kai and Pan-China (H.K.) CPA Ltd a total of HK$770k
HKICPA, 7-Jul-2020
For bad audit work on Richly Field China Development (0313) in 2011 and 2012.
HKICPA, 7-Jul-2020
For bad audit work on Richly Field China Development (0313) in 2011 and 2012.
HKICPA fines Mr Lee Ping Kai HK$30k
HKICPA, 9-Oct-2017
Filling the blanks: Mr Lee is/was a director of Pan-China (H.K.) CPA Ltd, which did the audit of GT Group (0263) for 2014 and the interim review for 2015. HKICPA fails to name either of these. Webb-site filed a complaint against the auditor with the Financial Reporting Council in Dec-2015.
HKICPA, 9-Oct-2017
Filling the blanks: Mr Lee is/was a director of Pan-China (H.K.) CPA Ltd, which did the audit of GT Group (0263) for 2014 and the interim review for 2015. HKICPA fails to name either of these. Webb-site filed a complaint against the auditor with the Financial Reporting Council in Dec-2015.
GT (0263) corrects 2014 EPS again
Company announcement, 22-Dec-2015
This follows a complaint to SEHK by Webb-site on 6-Dec-2015, that the purported correction announced in August was incorrect. The auditor, which also got the initial correction wrong, is Pan-China (H.K.) CPA Ltd. Webb-site has filed a complaint against them with the Financial Reporting Council.
Company announcement, 22-Dec-2015
This follows a complaint to SEHK by Webb-site on 6-Dec-2015, that the purported correction announced in August was incorrect. The auditor, which also got the initial correction wrong, is Pan-China (H.K.) CPA Ltd. Webb-site has filed a complaint against them with the Financial Reporting Council.
GT (0263) "clarifies" 2014 EPS
Company announcement, 10-Aug-2015
Comment: in our view, the number of shares is still wrong, therefor so is the EPS. The 5:1 consolidation carries a factor of 0.2, and the rights issue of 9:1 at $0.6 carries a factor of $1.02/$0.642 based on the closing price on 10-Feb-2015, so the adjusted shares should be 123.741m. The auditor is Pan-China (H.K.) CPA Ltd.
Company announcement, 10-Aug-2015
Comment: in our view, the number of shares is still wrong, therefor so is the EPS. The 5:1 consolidation carries a factor of 0.2, and the rights issue of 9:1 at $0.6 carries a factor of $1.02/$0.642 based on the closing price on 10-Feb-2015, so the adjusted shares should be 123.741m. The auditor is Pan-China (H.K.) CPA Ltd.
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