China Minzhong stock, the embattled S-chip stock whose share price headed almost 50% south after a report (by short seller Gloucester Research) made an announcement yesterday that the short seller has not understood China Minzhong’s business well and that the company would release a detailed report soon to reassure that its fundamentals are okay. I wonder why China Minzhong needs to take so long to respond to the report as China Minzhong’s business fundamentals should be on the back of the management’s mind and the company should be able to easily retrieve figures to refute the short seller’s claim easily, like what Olam did when it became the target of the short seller, Muddy Waters. But to be fair, let us await the report to be released by China Minzhong before commenting further on this matter.
China Minzhong is the second company listed in Singapore to be targeted by Short …