RE: RE: as a reverse takRE: RE: Is MPE and TRE theMPE has very little to do with Sino, and their business size and scopes are very different. The problem that exists for all businesses in China is that there is very little transparency and that they are often very liberal with their accounting standards. There is still a fair bit of wheel greasing that goes on with big business and Gov't entities that would constitute bribery charges here in the Western world, but this is just how business is conducted in Asia.
Sino would need to conduct a 3rd party audit of it's financials and business activities to see if they conform to the International Accounting Standards. In MPE's case, Raymond is a CGA and should be aware of accounting issues. As many CEO's are now being held personally responsible if they are found to be aware of fraudulent representation, I would hope that it serves as motivation for most to keep their noses clean.
I hope Raymond's business trip to China is going well so far. He's promised to issue an NR if there is something noteworthy.