China Metal Recycling (Holdings) Limited controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
Sanctions against IPO sponsors
UBS and China Merchants Securities were sanctioned by Hong Kong’s securities regulator over failures associated with the company’s IPO.
2015
Court finding that the listing was obtained by fraud
The court ordered the company’s winding up after finding that it had obtained its Hong Kong listing by fraud.
2013
Allegations of fabricated financial information
Glaucus Research alleged that China Metal Recycling had fabricated financial figures and overstated import volumes. The allegations were followed by suspension of share trading and extensive regulatory scrutiny.