A bull sculpture at the Hong Kong stock exchange in Central. Photo: Warton Li
Kasen shares rebound 472 per cent after rejecting short-seller report on accounting
- Chinese furniture maker recoup losses after denying allegations in Blue Orca research notes issued on Thursday
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Stocks
A bull sculpture at the Hong Kong stock exchange in Central. Photo: Warton Li
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
Kasen International was reorganised from a factory that made leather products and went public in Hong Kong in 2005. Photo: AP