Fluorochemicals maker Tianhe rebuts “twisted” fiction fraud allegations

Published: Friday, 10 October 2014

Accusations by Anonymous Analytics that China-based Tianhe had misrepresented financial statements led to a trading suspension on the Hong Kong Stock Exchange. The allegations prompted the special fluorides and additives manufacturer to issue a 55-page defence document, but the episode could seriously damage the company’s fluorochemicals business.

Chinese fluorochemicals producer Tianhe Chemicals this week mounted a staunch defence against allegations that it fraudulently misstated its accounts on the Hong Kong Stock Exchange, following a five week pause in trading of its shares. In a 55-page rebuttal of the claims made against it by short-seller research company, Anonymous...

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