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Asia Plastic Recycling Holding Ltd (1337 TT)

Year: 2014

Asia Plastic Recycling (APR) listed in Taiwan in 2011. In April 2014, short-seller Glaucus Research published a report in which it alleged that APR was faking profits at its Chinese operations. The Taiwanese stock exchange conducted its own investigation and concluded in May, a month later, that it found no anomalies with APR's financials. The allegations against APR were not proven given that there were no management or auditor resignations. Since then, APR's profitability has collapsed along with its share price.

Last updated March 2022

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