Logo
BusinessBusiness

The Securities and Exchange Commission stopped trading yesterday in the shares of a Chinese company over concerns that its public disclosures might prove misleading to investors.

Concerns over the “accuracy and adequacy of publicly disseminated information” from China Expert Technology prompted the SEC’s 11-day freeze on trading.

The move comes nearly two weeks after The Post published an investigation revealing the computer-network designer had not disclosed the resignation of its auditor BDO McCabe Lo & Co., an affiliate of BDO Seidman.

The formerly highflying China Expert said in a filing last week that BDO McCabe had been terminated by its board, but did not provide a reason.

The Post’s investigation into China Expert also featured the results of two separate probes into China Expert’s public claims of multimillion-dollar contract awards in several Chinese cities.

Performed by a high-profile law firm and a Hong Kong investigative agency, the probes concluded that most of the city officials responsible for awarding contracts where China Expert claims to have won major business denied knowledge of the contracts, nor were they familiar with the firm.

The Shenzhen-based company did not reply to an e-mail, nor did it release a statement about the SEC’s action.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy