It’s a testing time for devotees of Chinese small-caps. RINO International of Dalian, a Nasdaq-listed clean-tech company under suspension from trading, fell as much as 72 per cent in the five days after Hong Kong-based research firm Muddy Waters accused it of cooking the books. RINO has since stated that it did not enter into two contracts for which it reported revenue during 2008 and 2009; at least nine US law firms are now limbering up for class actions.
中國小盤股「粉絲」接受考驗的時刻到了。在那斯達克(Nasdaq)上市的乾淨能源公司大連綠諾國際(RINO International)，在5個交易日內暴跌72%，目前暫停交易，因爲一家香港研究機構Muddy Waters指其做假賬。此後綠諾發表聲明，稱公司並未獲得2008年和2009年期間錄得收入的兩項合約。至少有9家美國律所正準備對該公司發起集體訴訟。
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