West China Cement (WCC) was highlighted in Moody's infamous July 2011 red flag report which identified 61 problematic Chinese companies. WCC scored the worst, prompting a share price collapse. Controversially, Moody's was subsequently fined for some minor errors in the report by Hong Kong's securities regulator. In August 2012, WCC was targeted by short-seller Glaucus Research alleging fraud. There was no subsequent fallout from the report meaning that the allegations were unproven. In July 2016, a take-over by Anhui Conch Cement (914 HK) fell through for unknown reasons. 

Last updated September 2021

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