Chinese apparel producer, Bosideng, listed on the Hong Kong Exchange in 2007. It was targetted by short-seller Bonitas Research in June 2019 alleging fraud. The report failed to have much of an impact: no directors resigned and its auditor signed-off on FY20 financials without incident. The company has paid out 70% of profits as dividends and buybacks over the past five years (FY16-20). This has been financed internally and would seem to validate most of the businesses' profits.
Last updated September 2021lock03 Read More