Kasen International was reorganised from a factory that made leather products and went public in Hong Kong in 2005. Photo: AP

Chinese furniture maker Kasen plunges 90 per cent in Hong Kong trading after critical report by short-seller

  • Trading in stock suspended on Thursday morning after Blue Orca issued report, wiping HK$6 billion off its market value
  • Report contains “untrue and misleading” information, Kasen says in exchange filing in response to attack
Topic |   Stocks

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Kasen International was reorganised from a factory that made leather products and went public in Hong Kong in 2005. Photo: AP
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Zhang Shidong

Zhang Shidong

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.