Deals
Winsway Coking Coal Denies Fraud Claims in Anonymous Report
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Winsway Coking Coal Holdings Ltd., which processes and transports coal to China from Mongolia, denied allegations from a short seller that imports were less than the company reported and inventories were overstated.
“This report is dead wrong,” Chief Financial Officer Jerry Xie said today on a call with investors. “Winsway is absolutely not a fraud,” as was alleged in a report from Jonestown Research, an anonymous group, he said yesterday after shares slid 8.6 percent.