Also nice to see they get some of the shonky operators right.
China Medical Technologies Executives Charged in U.S. Fraud Case
by
Chris Dolmetsch
March 21, 2017, 7:09 AM GMT+11March 21, 2017, 10:13 AM GMT+11
extract.......
Short Sellers
China Medical first went public in August 2005, raising $96 million by selling 6.4 million shares at $15 each. The company was among Chinese companies spotlighted by short sellers in 2011, with its shares plunging after a report from Glaucus Research Group issued in December of that year alleging that the medical device-maker defrauded investors.
The Glaucus report alleged the company swindled shareholders by overpaying for an acquisition to help the company’s chairman embezzle funds and selling its core business to hide that China’s regulator had suspended or was close to ending an important permit. China Medical denied the fraud allegations and said the allegations “attribute motives to management that are based on innuendo and fail to take into account business and commercial considerations.”
https://www.bloomberg.com/news/arti...nologies-executives-are-charged-in-fraud-case
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Also nice to see they get some of the shonky operators right....
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