China Warehouse- More Than Crockery Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (2949)	3/21/2004 11:42:01 PM
From: RealMuLan	Read Replies (1) of 6370

Dragon hearts needed, Wall St's got no mercy REUTERS[ FRIDAY, MARCH 19, 2004 12:56:23 AM ] HONG KONG : A US listing can generate prestige and wealth, but Chinese firms are discovering American investors and regulators are less forgiving than their counterparts in Hong Kong . China ’s biggest chip maker and its top life insurer found out this week that any signs of accounting weakness or management confusion are pounced on by investors willing to slash share prices or launch class-action lawsuits. US investors, worried about a controversy over an executive's comments, sent shares in Semiconductor International Manufacturing (SMIC) falling 11.4% on their first day of New York trading on Wednesday. Market insiders had expected the shares to leap by as much as 20%. SMIC’s Hong Kong shares were 7% below their IPO price by midday on Thursday. SMIC raised $1.8bn in the world’s third-largest IPO this year. “People in the US are more concerned about corporate governance,” said Herbert Lau, research director at Celestial Asia Securities in Hong Kong . “The glitch wasn't so bad really, but I think US investors react more strongly to these things.” economictimes.indiatimes.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next