trending Market Intelligence /marketintelligence/en/news-insights/trending/AVzOTGuMMouQ2bKmNBpipw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Daiwa House apologizes after suspected 1.42B-yuan embezzlement in Chinese JV

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Daiwa House apologizes after suspected 1.42B-yuan embezzlement in Chinese JV

Keiichi Yoshii, president of Daiwa House Industry Co. Ltd., apologized and ensured it would tighten the group's governance system, following the suspected embezzlement of about 1.42 billion yuan in funds from a joint venture with Dalian Zhongsheng Group, The Nikkei Asian Review reported.

A Dalian Daiwa Zhongsheng Real Estate accounting staff discovered the potential theft after seeing discrepancies between the joint venture's actual deposits and the amount on its books. Following an investigation into the accounting mismatch, the company confirmed that multiple online withdrawals and fund transfers were carried out since 2015, according to the publication.

The Japanese property developer said it could lose approximately ¥11.7 billion if the missing amount is not recovered. It also established an independent committee to look into the matter with the hopes of preventing the incident from happening again, the March 14 report added.

Three people at Dalian Daiwa Zhongsheng, which sells condominiums in China, are now facing criminal charges due to potential involvement in the incident, according to the paper.

As of March 13, US$1 was equivalent to 6.71 yuan and ¥111.22.