A top exec at the China dairy company whose stock tanked 85% in minutes has gone incommunicado

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...