Huabao Suspends Trading Later Falling On Short-Seller Report
Huabao - a Chinese flavours as well as fragrances fellowship inward Hong Kong - has suspended trading afterward falling on a short-seller report. To quote a Business Week article:
Readers of this weblog should live on familiar alongside the stock every bit I blogged almost it here. I likewise blogged almost the (now inward excess of a) billion United States of America dollars the CEO had cashed out as well as the derivative transactions that she had used to exercise so.
The suggestions inward my weblog post - as well as a few other things - were covered inward the short-seller report.
John Hempton
Disclosure: We stay brusque this fellowship - albeit inward little quantity.
Huabao International Holdings Ltd. (336), a maker of flavors as well as fragrances used inward cigarettes, suspended trading inward Hong Kong afterward the stock plunged on a short-seller written report that questioned its finances.
Huabao brutal 8.1 percentage to HK$3.98 at the unopen inward Hong Kong yesterday afterward brusque seller Anonymous Analytics said the fellowship “reports absurdly high margins, which manufacture sources enjoin should non live on possible.”
The fellowship didn’t order a argue for the suspension. In a Hong Kong stock central filing slowly on Apr 24, Huabao said it wasn’t aware of whatever reasons for the changes inward its part toll as well as trading volume.
Readers of this weblog should live on familiar alongside the stock every bit I blogged almost it here. I likewise blogged almost the (now inward excess of a) billion United States of America dollars the CEO had cashed out as well as the derivative transactions that she had used to exercise so.
The suggestions inward my weblog post - as well as a few other things - were covered inward the short-seller report.
John Hempton
Disclosure: We stay brusque this fellowship - albeit inward little quantity.
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