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Shougang Fushan Resources Group Ltd (639 HK)

Year: 2012

Chinese Coal Mining company, Shougang Fushan Resources (Fushan), was attacked by short-seller Glaucus Research in April 2012 alleging embezzlement and fraud. The report failed to prompt any director or auditor resignations and its FY12 financials were signed-off without incident. As a result, the allegations against Fushan are unproven.

Last updated September 2021

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