NMC Health CBs sink after Muddy Waters report smashes stock

Aidan Gregory

December 17, 2019 04:00 pm

--FILE--View of London Stock Exchange in London, the United Kingdom, 17 June 2019. Hong Kong Exchanges and Clearing Ltd announced that it had offered to buy London Stock Exchange Group Plc for $36.6 billion, marking a significant push by the Asian bourse operator to further extend its global reach in Hong Kong, China, 11 September 2019. | Imaginechina/SIPA USA/PA Images

Shares in NMC Health, the London-listed Emirati private healthcare business, plunged more than 20% on Tuesday morning after US activist short seller Muddy Waters said it had grave concerns about the company’s balance sheet and financial statements, hitting the firm's convertible bonds.

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Topics

Equity United Arab Emirates Middle East Emerging Markets EMEA SRI Middle East Equity Equity-Linked EM Middle East GCC Middle East Bonds

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Aidan Gregory