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CFO of delisted Chinese company jailed
May 18, 2021 â 4.07pm
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The former chief financial officer of Chinese wellness group Traditional Therapy Clinics, Zhonghan Wu, has been sentenced to almost two years in jail for manipulating his companyâs stock on the ASX.
Mr Wu was given a sentence of one year and 10 months after pleading guilty to market manipulation, after an investigation by the Australian Securities and Investments Commission found he had traded through multiple accounts in a bid to keep the share price of Traditional Therapy Clinics above its 50c-per-share IPO price.
Mr Wuâs trading took place shortly after the Chinese company listed on the ASX in August 2015, following a $15 million raising. The company is the owner of traditional therapeutic health and wellness clinics under the Fuqiao brand.
Latest Job Listings In And Around Herndon Patch 5/3/2021 Job News © Shutterstock / NPFire The employment site ZipRecruiter.com has listed scores of jobs that have opened even as the coronavirus pandemic continues and many businesses remain closed.
HERNDON, VA The economic devastation caused by the COVID-19 pandemic has been felt in every corner of the county, including in the Herndon area and across greater Virginia. However, there are still local job opportunities available, as businesses attempt to navigate the new normal.
Looking for work? You may be in luck. Each week at Patch, we compile a list of recently posted jobs in the Herndon region, as powered by ZipRecruiter, to help in your job hunt. Click any job listing below for more information, or to apply.
Delisting leaves just 20 Chinese companies on ASX
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The number of Chinese companies quoted on the ASX dwindled to just 20 this week after the latest delisting, as strict standards over the past four years have dissuaded businesses from tapping Australia’s equity market.
Eagle Health, a company selling throat lozenges and face masks, was delisted on Tuesday, removing one of the last Chinese companies to list on the ASX when it floated four years ago.
The company is the first locally listed Chinese business to fall from the market in six months and was dismissed by the ASX for failing to lodge audited financial statements.
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