An advertisement for a removal sale in Hong Kong on Wednesday, April 23, 2003. Photo: AP Photo

China’s cash-starved companies offer their prized assets at garage sales to dress up their books and avoid stock market expulsion

  • As many as 72 companies have warned investors to expect net profit to plunge by more than 100 per cent
  • Another 10 of these said they’re likely to face more than 1 billion yuan in losses
Topic |   Mergers & Acquisitions

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An advertisement for a removal sale in Hong Kong on Wednesday, April 23, 2003. Photo: AP Photo
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