[Transactionary stocks] Carson denied that the short-selling agency alleged that it was more than three times after the resumption of trading

Financial News

Written by: Zhang Weilun

2019-11-22 10:19

Yesterday, Carson International (0496), which was hit by the smuggling net of killing whales, and whose stock price plummeted 90% and was suspended, issued a notice to clarify the other party’s blame, saying that the allegations were inaccurate and misleading. The company issued a clarification announcement and resumption of trading, the stock price rebounded significantly, the latest report of 1.88 yuan, up 313%, turnover of 226 million yuan.

In the report, the killer whale capital pointed out that the company sold the automobile and furniture leather industry to the chairman's family and understated the business income and profits of the sale. It further pointed out that the entity-related debts sold were not transferred and remained in the company's accounts.

The company rebutted the allegations without any basis and denied it, and quoted again on April 29, 2016, the reasons stated in the circular issued for the sale of the business, including factors such as RMB depreciation and rising operating costs.

Killer Whale Capital also questioned in the report that Carson’s project in Cambodia was true, pointing out that Carson did not receive land ownership of the project and that the land did not find traces of the proposed development.

The company pointed out that the allegations were unfounded and denied that the joint venture company had entered into an agreement to acquire a total of 265,000 square meters of land, of which 261,900 square meters of land ownership had been obtained and handed over to the joint venture company. The remaining land certificate is also being processed and is expected to be obtained in the near future.

In the announcement, the company also clarified the Sanya project and other Cambodian projects.

Carson was attacked by the hollowing out agency and slammed the chairman’s family looting company’s stock price into a 90% suspension.

[Opening News] Hang Seng Index opened 118 points higher, Carson rose 117%, Accor then rash 25%

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