Submitted by chinastock on Thu, 03/18/2010 - 11:07
Posted in
In July 2009, Fuqi International raised $105 million from institutional investors via reputable investment banks, all of whom presumably conducted substantial due diligence given the size of the deal.
In addition, Fuqi has research coverage by several well-known investment banks that have presumably done substantial due diligence and maintained an ongoing dialogue with the company and continued to monitor and analyze the company's financial condition.
Finally, Fuqi is listed on Nasdaq, meaning that it has an independent audit committee and has adopted a code of ethics and continues to meet all of Nasdaq's corporate governance standards....
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