Tianhe suspends shares on Anonymous allegations

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By Rashmi Kumar
03 Sep 2014

Tianhe Chemicals Group, which listed on the Hong Kong Stock Exchange in mid-June, has halted trading of its shares after being hit by allegations of wrongdoing by stock research firm Anonymous Analytics.

The researchers described China's Tianhe as a “massive fraud and one of the largest stock market scams ever conceived”.

Among the examples Anonymous cited included the specialty chemicals company’s financial standing. It alleged that Tianhe bloated its revenues by 85% and its net income by almost 100% ...

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