Market participants in the US and China are awaiting the results of an SEC probe into the practice of Chinese companies listing via shell companies in the US, in what are known as reverse mergers or reverse takeovers. Launched earlier this year, the investigation comes as a result of an increasing number of incidents in which investors in these deals have lost money following the discovery of irregularities in the numbers at the listed firms.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
