Bosideng Falls Most on Record After Short Seller Report
- Stock declined as much as 28% before trading was halted
- Company says report has ‘untrue and misleading information’
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Bosideng International Holdings Ltd. shares fell the most on record after a short seller report questioned the company’s accounting practices.
Hong Kong-listed Bosideng overstated its revenue and profit, according to a note published on Monday by Bonitas Research. The stock fell as much as 28% before being suspended. Bosideng said in a statement that the report contains “untrue and misleading information,” without providing more details.