Ozner Water hit by short-seller report

Shares in the water purification supplier fell 17% on Monday after short-selling firm Glaucus Research issued a report strongly urging investors to sell.

Ozner Water hit by short-seller report
Eight months after its successful IPO, the water purification suppliers is coming under fire

Shares in Ozner Water, one of China’s largest water purification suppliers, fell 17% before trade was suspended on Monday after a research report claimed the company had exaggerated its production, sales and profits.

The sell report, published by Glaucus Research Group California, a US short-selling group, comes roughly eight months after Ozner Water raised HK$1.14 billion $147 million from its initial public offering in Hong Kong.

In the report published...

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