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Consumer Discretionary

China Household Holdings (692 HK)

Year: 2017

China Household Holdings was the product of a 2013 reverse merger. In 2015, an analyst was jailed for accepting a bribe to write a buy report on the company in 2013. It was then attacked by an anonymous short-seller Blazing Research in June 2017 alleging fraud. Later that same month, the SFC suspended trading in the company’s shares over suspicions of its FY13 financials. The next month, in August, the company announced that it would be unable to publish its 1H17 financials owing to the independent investigation. In April 2018, its auditor resigned and then in December a winding up petition was filed relating to unpaid debts. The company delisted in December 2019. Although the results of an independent investigation have yet to be published, there are strong suspicions that it was a fraud.

Last updated March 2022.

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