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...