May 30, 2023 – Our research suggests that VSUN’s Europe entity, Vietnam Sunergy Europe GmbH (VSUN Europe) is likely operated entirely from Shanghai, China. The operations in Germany appear to be minimal and the company may be reselling competitor’s products. This is detailed in a
May 23, 2023 – In conjunction with this report Viceroy have published corporate registry filings for NA Global エヌエーグローバル, FUJI SOLAR and VSUN Power (Hong Kong) Company. Below are instructions for accessing these documents. 本レポートに関連して、Viceroyは、エヌエーグローバル、FUJI SOLAR、VSUN Power (Hong Kong) Companyの会社登記簿を公開しました。以下は、これらの書類へのアクセス方法の解説です。
May 19, 2023 – This report will detail the corporate filings our team has pulled from Japan and Hong Kong showing numerous undisclosed related party transactions with Abalance insiders. These transactions take place with dummy shell companies and unconsolidated subsidiaries of VSUN. Our research suggests
May 18, 2023 – On May 17, 2023, Abalance issued two unsatisfactory responses to concerns Viceroy raised in its report titled “Abalance – Turning Japanese? We really don’t think so”. Management’s rebuttal does not deserve a response, however shareholders do. We will address every management
May 17, 2023 – Abalance (TYO:3856) is a Japanese corporation which purports to be a solar panel manufacturer. Approximately 90% of the company’s revenues are derived from its Vietnamese subsidiary, Vietnam Sunergy Joint Stock Corporation (VSUN). Abalance’s golden goose, Vietnam Sunergy Joint Stock Company (VSUN),
April 14, 2023 – Viceroy have recently been targeted by fake journalists and UK Member of Parliament Liam Byrne with ludicrous allegations of ties to Russian spy operations, sabotage of UK submarines, bribing journalists and blackmail. Mr Byrne’s questions in parliament as well as a
March 17, 2023 – On March 1, 2023 MPW released its annual report for 2022. Viceroy’s analysis shows similar red flags to those raised in our Q4 2022 analysis. This report will go through those issues as well as further developments. We reiterate our belief
March 10, 2023 – On March 16, 2022 MPW completed a partnership with Macquarie Asset Management (MAM). MPW contributed assets worth $1.1b to the joint venture in exchange for an undisclosed cash payment. The joint venture would then raise secured nonrecourse debt with the proceeds
Viceroy Research has obtained Swiss bank statements which show numerous receipts from SHCS, which appear to be immediately laundered to politicians, con men, and VGH fraudsters. We thank Tacet Global’s Greg Gillespie for allowing us to access to his investigation into Accutor AG. Mr. Gillespie
March 1, 2023 – On February 23, 2023, MPW released their Q4 2022 results and held their earnings call, both of which raised several issues and confirmed Viceroy’s continued belief in the weakness of their tenant base. By our calculations, Commonspirit’s annual rent on the
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