Barron’s published an article on August 26, 2010, titled “Beware This Chinese Export,” discussing an individual involved with China Green Agriculture, Inc. (NYSE: CGA) being connected to a convicted criminal, as well as other questionable aspects of Chinese companies listed in the US through reverse mergers.
Today asensio.com released a report with more details on this criminal connection as part of a broader report on the questionable dealings of a NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) official in China and his associates. The report is titled “Another NASDAQ Official in China Discovered to Have Questionable Ties to NASDAQ-Listed Chinese Reverse Mergers.”
asensio.com has conducted a survey of prices and margins generated by CGA’s competitors and compared these data with those reported by CGA to its investors. A report based on this survey will be published by asensio.com in the future.