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IPOs 'better' than CRMs for Chinese companies

Published June 16, 2011 at 4:00 AM

Chinese companies entering the U.S. market are "going to have to look at the risk of lawsuits," says Bill Sullivan of Paul, Hastings, Janofsky & Walker LLP, as they are currently under increased regulatory scrutiny and accounting fraud is more likely to be identified. In the current environment, Sullivan suggests that an IPO is safer than a CRM since "it's a process that the regulators are more comfortable with." - Katie Roof

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