NEW YORK & SHANGHAI--(BUSINESS WIRE)--China 360° Solutions, LLC, a New York- and Shanghai-based forensic due diligence, strategic communications and financial advisory firm for U.S. listed Chinese companies, announced today that it is providing additional and supplementary information with respect to its independent forensic due diligence report on Lihua International, Inc. (NASDAQ: LIWA) released publicly on August 11, 2011.
The China 360° Investigative Report was generated by a senior team of China 360° forensic accountants and support personnel who received the full cooperation of Lihua executive management and employees and were given access to the company’s books and records while onsite at Lihua’s operating facilities in China.
The comprehensive report details a variety of findings, including validity of the company’s licenses and certifications, verification and reconciliation of tax reports to published financial reports, customer and supplier verifications, facility reviews, and related party analysis, among others. The original report is available here.
The supplement, released today and which is available by clicking here, details additional procedures China 360° performed related to previous findings reported under the headings “Tax Reconciliation” and “Channel Check” in the Original Report. The supplement is not intended to be a comprehensive analysis of the Company, and should be read in conjunction with the Original Report.
About China 360° Solutions, LLC
China 360° Solutions is a group of financial service professionals with extensive forensic due diligence experience in China. China 360° Solutions does not have a position, long or short, in Lihua International and the forensic due diligence service is solely focused on the accuracy of the report. A China 360° team can be deployed to any area within the PRC to perform a wide range of services including forensic due-diligence, financial reconstruction and Sarbanes-Oxley implementation. China 360° is a co-venture of Grandview Capital Advisors, Inc., Thornhill Capital, LLC and Trilogy Capital Partners, Inc. Detailed information regarding China 360° Solutions’ services can be found at www.China360Solutions.com. Phone: 888.328.7599 Email: info@china360solutions.com.
Disclaimer
Management of China 360° Solutions, LLC has maintained the highest standards of independence and objective analysis for the Lihua International, Inc. report. No reference to Lihua or its securities constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this report shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in the report constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this report should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this report, China 360° has not taken into account the investment needs, objectives and/or financial circumstances of any particular investor. For additional disclosures, please click here.