Tianneng Power halts trading after short seller questions profits

Business | 27 May 2020 7:03 pm

Shares of Tianneng Power International (0819) lost 7.34 percent to HK$8.2 today before trading was halted, as CloudyThunder Research said the mainland battery maker "is a massive fraud and worth close to zero."

The short seller said Tianneng fabricated at least 2 billion yuan in profits from 2017 to 2019 and understated rebates to distributors.

Search Archive

Advanced Search
September 2020
S M T W T F S

Today's Standard



Yearly Magazine

Yearly Magazine