investors lose confidence in chinese listings

Given the tragedy that has befallen BRM, it is not surprising to read the following below. However as we know from BRM's experience, there is no shortage of local lawyers, brokers and advisers who want to turn a quick buck at local shareholders' expense. I hope the market really tightens up as a result of BRM and others.

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Profit warnings, auditor disputes and delistings involving Chinese companies trading on foreign exchanges are fuelling investor distrust, wiping out valuations and poisoning the market for new listings.

http://www.smh.com.au/business/handle-with-care-20120420-1xc0w.html#ixzz1sqQl4YEt