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1.2¢ sunbridge group limited

GT will argue they were deceived. Chinese law prohibits...

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PigsMightFly

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28/04/22

22:45

Post #: 61084345
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Originally posted by JR2010: ↑

Some investors in XPD Soccer Gear are working on preparing a class action against its auditor, Grant Thornton. The investors (and the law firm they are collaborating with) are considering whether it makes sense to broaden a potential action to include shareholders in other China-based ASX failures that were audited by Grant Thornton. As you would know, Sunbridge was one of those. Details here: https://www.dailytelegraph.com.au/business/nsw-business/grant-thornton-faces-class-action-after-companies-from-china-collapse-on-asx/news-story/16b7b04abff30f9ec8a489172549201d

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GT will argue they were deceived. Chinese law prohibits companies from releasing their real financials.

https://en.wikipedia.org/wiki/The_China_Hustle

SBB Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
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