Hong Kong B2B platform Global Sources listed on the NASDAQ via a 200 reverse merger. The company was attacked by short-seller Spruce Point in October 2011 highlighting its apparently weak business model and alluding to fraud. Global Sources did not respond to the report which had little lasting impact on its share price. Furthermore, the company's financials did not have traits similar to past fraud. The company was acquired in 2018. As such, the allegations remain unproven.

Last updated March 2022

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