Shares in Chinese down jacket maker Bosideng tumbled on Monday in the wake of a short seller’s report.
Bosideng shares fell 24.8 per cent on Monday morning before the company announced a trading halt, on track for the biggest fall one-day fall on record.
The company said the report by Bonitas Research contained “untrue and misleading information” and that it would release a clarification announcement. Bonitas had questioned the company’s revenues and profits.
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