China Minzhong 被short seller 盯上，盘中已跌35%

EYF4 · 发表于 26-8-2013 15:08:38|来自：新加坡

飞飞飞

goldenstar · 发表于 26-8-2013 15:16:07|来自：新加坡

eastman47 发表于 26-8-2013 13:01
吓出一身冷汗.

尿了？

瑶琴半抱 · 发表于 26-8-2013 16:45:25|来自：新加坡

Aug. 26 (Bloomberg) -- China Minzhong Food Corp. slumped by
the most on record after short-seller Glaucus Research Group
accused the vegetable producer of “significantly deceiving”
regulators and investors about the scale of its business.
Minzhong shares were halted in Singapore at 53 Singapore
cents, down 48 percent, after tumbling as much as 51 percent,
the most since the company’s listing in April 2010. Short
interest in Minzhong, which has become the latest target of
Glaucus, rose to a record 7.2 percent of the outstanding stock
on Aug. 19 from this year’s low of 3.8 percent in March,
according to the most recent data from research company Markit
Group Ltd.
“Publicly available filings indicate that Minzhong
fabricated sales figures to its top two customers,” according
to the report from Glaucus today. “Corporate registry records
show that a Taiwan-based food distributor, which was supposedly
Minzhong’s largest customer in the pre-IPO track record period
between 2007 and 2009, was only incorporated in November 2009,
suggesting, in our view, that Minzhong simply fabricated the
sales figures in its prospectus.”
“The company is consulting its legal team and will comment
on the report as soon as possible,” Travis Seet, a Minzhong
spokesman at the company’s Putian headquarters in China’s Fujian
province, said by telephone.
China Metal Recycling Holdings Ltd. and China Medical
Technologies Inc. have each separately been the focus of reports
by Glaucus, which claims to “help investors navigate
treacherous financial waters in search of great investment
opportunities,” according to a statement on the home page of
its website. Liquidators were appointed to China Metal in July
and China Medical filed for Chapter 15 foreign-firm bankruptcy
protection in New York last year.
Six of the seven analysts covering Minzhong recommend
investors buy the stock, while one rates the stock a hold,
Bloomberg data show.

瑶琴半抱 · 发表于 26-8-2013 21:11:18|来自：新加坡

王大嘴不止一次推荐过的股,不知有人上当吗?

瑶琴半抱 · 发表于 26-8-2013 21:42:41|来自：新加坡

EYF4 发表于 26-8-2013 15:08
飞飞飞

业报这么好,股息从未发过半厘,敢碰的真吃了豹子胆了!

vivocity2010 · 发表于 27-8-2013 09:11:34|来自：新加坡

本帖最后由 vivocity2010 于 27-8-2013 09:15 编辑

Food producer China Minzhong Food yesterday became the first Singapore-listed Chinese firm to come under attack by a short seller, which wiped off more than 50 per cent of its market value in two hours and triggered a trading halt.

Short sellers have in recent years targeted Chinese companies listed in Hong Kong, Canada and the United States, citing irregularities, but they had so far avoided any of the 143 Chinese-based firms listed on the Singapore exchange.

China Minzhong, which until yesterday's share price slump had a market value of about US$520 million, was hit after Californian-based Glaucus Research issued a report alleging the company misled investors about sales to its biggest customers.

The report also raised questions over the credibility of China Minzhong's financial performance compared with its peers.

Glaucus said it and its associates had a direct or indirect short position in the company.

Travis Seet, China Minzhong's financial controller, said the company was taking legal advice on how to respond to the report. He declined to make any further comment and trading was halted pending an announcement from the company.

China Minzhong listed in Singapore in 2010 and attracted several big-name investors, including Singapore sovereign wealth fund GIC, which sold its 14.4 per cent stake in February to Indofood Sukses Makmur.

Indofood had no response to the queries on China Minzhong.

Other large investors include Franklin Templeton Investments, which holds just under 11 per cent of the food producer.

Analysts said China Minzhong would struggle to recover from its share price plunge regardless of the veracity of the short seller's allegations.

"Given the huge damage done already, we believe it will be an uphill task [especially without GIC's backing now] for the company to rebuild confidence," Lim & Tan Securities wrote in a note.

Shares in China Minzhong dived 47.8 per cent in two hours of trade before the company requested a trading halt.

Nearly 24 million shares were traded, almost 10 times the average full-day volume traded over the past month.

Four analysts have a "buy" or "strong buy" on the stock, Thomson Reuters data shows. China Minzhong is due to release full-year results on Thursday.

A number of Chinese companies listed in Singapore ran into accounting problems in 2008 and 2010, denting investor confidence in the stocks, known as S-chips.

The Singapore exchange has since then taken steps to improve corporate governance of listed companies and after the trading halt, the regulator said it had asked China Minzhong to confirm the company was in compliance with the rules.

China Minzhong is not the only Chinese-based stock targeted by Glaucus this year.

The group, whose research is overseen by former lawyer Soren Aandahl, accused Hong Kong-listed China Metal Recycling of fraud in January.

Hong Kong's securities regulators have since applied to the courts to have China Metal Recycling liquidated.

Last year, high-profile short seller Muddy Waters attacked Singapore commodity trading firm Olam, prompting the company to raise cash as its stock and bond prices tumbled.

Singapore state investor Temasek stepped in to prop up the company, raising its stake to 24 per cent from 16 per cent.
看来又摊上大事了！