Tech Pro was a Chinese LED manufacturer which listed in Hong Kong in 2007. Despite falling revenues and mounting losses, the company's share price underwent a meteoric rise between 2008 and 2015. It then came to the attention of Hong Kong activist investor, David Webb, who published a report on bubble stocks in September 2015. The company was targeted in quick succession by short-sellers GeoInvesting and Glaucus Research in June and July 2016, alleging fraud. This prompted a more than 90% share price collapse from which it would not recover. In November 2017, the company was suspended by Hong Kong's securities regulator owing to its failure to disclose a lawsuit relating to its Chinese property joint venture. Tech Pro appeared to have lost control over its joint venture and failed to report it. The fraud allegations against Tech Pro were not proven. The stock was delisted in 2020.

Last updated March 2022

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