Spoiled ending for Hongjiu, as Hong Kong delists former fruit highflyer
With founder Deng Hongjiu in jail on suspicion of accounting fraud, the company’s worthless shares have been booted from the Hong Kong Stock Exchange Key Takeaways: Three years after its…
Pagoda finds fruit in share placement as weak business weighs
Not long after reporting bleak midyear results, the fruit seller raised $42 million in fresh funds by selling new stock at a steep discount Key Takeaways: Pagoda Industrial has raised…
Did falling durian prices undermine an already-shaky Hongjiu Fruit?
The fruit seller has yet to issue a 2023 annual report since KPMG resigned as its auditor in April, as top executives pledge shares to raise cash and an investigative…
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