Some doubts cast over the legitimacy of Abit financial affairs are as follows:
-Over 70% of Abitís total import and export business in the first half of this year were conducted through seven Hong Kong-based companies, all of which were located at the same address, with a registered capital of just HK$2 each.
-The TSE also suspects that management at Abit might have embezzled company funds through the issuance of a euro convertible bond (ECB).
-A total NT$4.1 billion-worth of Abitís import and export transactions in the January-June period was conducted without shipping documents.
Abit have so far declined to comment on the news, however they said that they would be preparing a statement on these issues later this week.