Word: greencool
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Dates: during 2000-2009
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...Indeed, other p-chips have suffered similar problems. Shares of Greencool Technology Holdings Ltd., a Hong Kong-based refrigerant seller founded in 1998, have tumbled 77% since July on the Hong Kong Stock Exchange amid a string of vague rumors of corporate misconduct. In July, the company had to fight off a Chinese media report which claimed its financial statements were unreliable. At the time, Greencool said that certain parts of the report were untrue, but didn't elaborate. In March, the Hong Kong Stock Exchange questioned the company about a large advance payment made to its sole supplier, controlled...
...spokesperson for Greencool didn't return phone calls seeking comment?standard operating procedure in a country where "the less said, the better" could be the corporate motto at most organizations. Ultimately, Yang may have contributed to his own downfall simply by flying too high and speaking too much. When Forbes magazine named Yang the second-richest man in China with a $900-million fortune, he lined up his cars, including a Rolls-Royce and two Mercedes limousines, so that Chinese papers could photograph them. "This is a town where, if you make a lot of money, you keep your head...
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