Hong Kong headquartered provider of health and nutritional supplements Real Nutriceutical listed on the Hong Kong exchange in 2010. In October 2015, short-seller Glaucus Research published a report accusing the company of vastly inflating its reported sales and profits. Real Nutriceutical's shares were suspended for two months until it released a detailed rebuttal in December. In February 2016, the company's auditor resigned as they could not agree on the scope of an independent review. A year later, in January 2017, the results of this independent review supposedly cleared Real Nutriceutical. In an unusual step, in July 2018, Hong Kong's securities regulator suspended trading in the company's shares as it believed financials from FY14 to FY16 were misleading and inaccurate. In October 2018, the board revealed that management was not contactable. 

Last updated March 2022

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