Chinese lottery machine provider REXlot listed in Hong Kong via a 2002 reverse merger. In June 2015, REXlot was attacked by short-seller Anonymous Analytics which alleged it was vastly exaggerating sales and profits. The company immediately requested a share suspension pending a detailed rebuttal but took ten months to pen a response. Upon resumption of trading in April 2016, its shares collapsed. Sentiment was not helped by additional reports from Anonymous Analytics with more fraud allegations. At the end of April, REXlot conceded that it did not have enough offshore cash to repay creditors. Financial performance began to deteriorate, culminating in a delay in the publication of FY18 results in April 2019 which resulted in another share trading suspension, this time permanent. The company's auditor resigned in December 2020 when 2018 audit papers were still not forthcoming. REXlot was delisted in 2021.

Last updated March 2022

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