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Minzhong Opposes Glaucus Report as Aimed at Hurting Shares

China Minzhong Food Corp., the vegetable processor targeted by Glaucus Research Group, said it “strongly” denied the allegations in the short-seller’s report, describing it as going beyond fair comment.

Glaucus’s statements on the Putian, China-based company’s performance were made with the sole objective of driving down the company’s share price and gaining from the decline, Minzhong said late yesterday in a statement.