Disclosure rules make it hard to sift facts from farce

Recently, I spotted a company announcement that left me scratching my head. On July 11, a diversified holding company called South China published an open letter to Sinosoft Technology "regarding a certain representation made in a prospectus … issued by Sinosoft Technology Group which is incomplete or, to the best of our knowledge, inconsistent with the relevant fact".

via Business feed http://www.scmp.com/business/money/markets-investing/article/1287774/disclosure-rules-make-it-hard-sift-facts-farce