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AAC Technologies Holdings Inc. (2018 HK)

Year: 2017

Chinese miniaturized acoustic components manufacturer AAC Technologies listed in Hong Kong in August 2005. It was targeted by short-seller Gotham City Research in May 2017 alleging fraud. The company fielded a fairly robust response and, in an unusual turn of events, Anonymous Analytics came to its defence. AAC's share price initially performed well after Gotham's report; however, since early 2018, financial and share price performance have deteriorated. AAC's auditors signed off on its financials and there were no major management resignations. As such, the fraud allegations were not proven.

Last updated March 2022

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