Report Released by on AOB’s Potential Undisclosed Related Party

A report released today by on American Oriental Bioengineering, Inc. (NYSE: AOB) shows that based on Chinese government filings, AOB may have made material omissions and misrepresentations in U.S. Securities and Exchange Commission (SEC) filings concerning two real estate transactions, totaling $104.9 million.

Based on discrepancies between AOB’s SEC filings and Chinese filings, it appears that AOB may have completed the two transactions with an undisclosed related party.

Filings with the China State Administration for Industry and Commerce and the Hong Kong Companies Registry show a relationship between AOB’s chairman and CEO, Tony Liu, and the private Chinese company that reportedly sold real estate to AOB for approximately $105 million. The Chinese filings are attached to the report with translations.

It does not appear that AOB took standard steps for related-party transactions to ensure that there were no irregularities in the $105 million expenditure. AOB’s auditors, independent directors and legal counsel were contacted, but have not provided any comment or explanation for the information contained in the report.

Click here to read the report, “AOB’s Potential Undisclosed Related Party Documented in Public Government Filings.”

Posted in American Oriental Bioengineering, Inc.

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss's work and its unique legacy. also strives to maintain a complete record of articles dealing with the companies that are the subject of research.
Investment Record
Click here to view a list of the companies that have been subjects of reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.