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Short-seller hits China food firm in Singapore attack
date:Aug 27, 2013
Food producer China Minzhong Food Corp Ltd on Monday became the first Singapore-listed Chinese firm to come under attack by a short-seller, which wiped off more than 50 percent of its market value in two hours and triggered a trading halt.

Short-sellers have in recent years targeted Chinese companies listed in Hong Kong, Canada and the United States, citing irregularities, but they have so far avoided any of the 143 China-based firms listed on the Singapore Exchange Ltd .

China Minzhong, which

12/22 02:51