Explanatory Announcement No. 4 and No.5 on Information Disclosure by CSRC
No.4—Disclosure of Relevant Information to enterprise merger in Notes to Financial Statements
No.5 -- Disclosure of subsidiary investor losing control in Notes to Financial Statements
Behind IPO pullout of EMS: Market and Profit pressures
On Dec.27, EMS suddenly announced to withdraw IPO. Earlier, its listing was considered to be an established fact by public. According to the official statement, it is an act to proactively adjust the strategy for market competition and to make a calm choice in the capital market. If listed, forced by the profit request for listed companies, the company either has to accept the restrictions to the market strategies, such as pricing war, or will be frustrated by the risk of performance breakdown.
Accounting theory research achievements in 2013
The six key words are internal control, international comparison of accounting standard, XBRL and accounting informationization, comprehensive income and Fair-value accounting, corporate social responsibility and environmental accounting, macro policy and corporate financial behavior.
AOSAIKANG Pharmaceutical IPO called off by CSRC, the first case News
on Jan., 10. Aosaikang Pharmaceutical Co.,Ltd issued an urgent notice that its IPO will be suspended. It is told by some insider in CSRC that as old shareholders of the company tries to cash in RMB3.183 billion from the IPO, which raised the concern of CSRC's chairman, so the IPO issue was called off. The pricing is RMB 72.99, which is at 67 times diluted earnings ratio of 2012.
Note:
“China Accounting News Weekly”is established on August 5,2005.It selects important accounting news weekly to convenient the people can acknowledge the developments quickly.From its launching,thousands of people read it everyweek.In order to promote the development of China accounting industry to English readers,we make this English edition on March 23,2007.If there are any problems,please contact with qiaobocao@snai.edu.
CHUNG RUI Tax Group Ltd. is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.Copyright 2000-2021 Chung Rui CTAs Group Ltd All rights reserved 京ICP备13040815号-1
