Tianhe Chemicals hit by short-seller report

Trading halted in the Chinese group at centre of banks' hiring controversy after claims made by Anonymous Analysis.

Tianhe Chemicals hit by short-seller report

Shares of Tianhe Chemicals dropped 4.9% before being halted on Tuesday after a research report claimed the company falsified prospectus details.

Anonymous Analysis, a short-selling group, gave a zero target price and a return of -100% for Tianhe, which has a market value of HK$62 billion US$8 billion. It strongly recommended investors to sell Tianhe’s shares.

Tianhe raised $654 million through an initial public offering in June, the fifth-largest...

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