A top exec at the China dairy company whose stock tanked 85% in minutes has gone incommunicado
China Huishan Dairy denies rumours of forged invoices and misappropriated funds, but also said it can't contact a key executive
By News on the Net -- Financial Post—— Bio and Archives--March 28, 2017
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HONG KONG — A Chinese dairy company whose stock plunged last week, wiping billions off its market value, denied rumours Tuesday of forged invoices and misappropriated funds, but also said it can’t contact a key executive.
China Huishan Dairy Holdings Co.’s Hong Kong-listed shares tumbled 85 per cent in the space of minutes on Friday morning before they were halted. The reason for the sell-off was unclear. -- More...
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