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    Underwriter caught up in stock scandal

    By Xin Zhiming | China Daily | Updated: 2013-04-16 08:03

    Fraud, again.

    China's stock market has been hit by another scandal involving a company that inflated its books to be listed.

    While the company, Wanfu Biotechnology (Hunan) Agricultural Development Co Ltd, and relevant intermediary agencies must receive their due punishments, regulators must reflect on how such a fraudulent company managed to get through the IPO procedure.

    Underwriter caught up in stock scandal

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