Tuesday 25th May 2010
Dear Reader,
Three new inter-related articles.
NEW ARTICLES
Cosmetic appearances
When the ICAC charged a person with engineering
fraudulent acquisitions by Uni-Bio Science (0690) last month, we suspect they
only saw half the story. Webb-site looks at the overlaps between UBS and Global
Green Tech (0274), and at a series of its acquisitions.
Global Green Tech
goes mining
In part 2 of today's look at Global Green Tech (0274),
we'll show you how it bought a gold mine for 5.83 times what an AIM-traded
company sold it for 3 months earlier, and that one of the middlemen also
controls miner Lumena Resources (0067), so we take a look at that too.
Code Agriculture and
Nanjing Everyday
Take a RMB8m investment in a start-up TV channel,
whip up some projections, sprinkle on a valuation from the ubiquitous BMI
Appraisals, add a large pinch of salt according to taste, bake for 2 months and
you have a RMB350m sale to Code Agriculture (8153). Too bad that the air then
went out of this pudding.
RECENT ARTICLES
Lincoln University, CCIBA and AKMA
Time to lift the lid on another
diploma mill, the people behind it, and the distinguished citizens upon whom it
has conferred its prestigious awards. (24-May-10)
SBI, E2 and Xinhua Finance
We reveal how a mini-investment bank was
assembled and injected into two listed companies at great expense to them, then
gradually sold off, and how at least some of the SFC-regulated firms came under
the ownership of someone who now faces criminal charges in the USA in relation
to newsletter stock promotion schemes for companies which include the first
Chinese company to list in Japan. (18-May-2010)
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