Reuters reports that Muddy Waters Research's director of research Carson Block told Reuters on Monday he wouldn't comment on rumors his firm was planning to release a report on China Yurun Food Group Ltd (1068.HK).
"It is obviously not in our interest to comment on whether or not we are planning on releasing a report on a given company," Block wrote in an e-mail. "Investors should be skeptical and greatly cautious about rumors related to our upcoming reports."
Nanjing-based Yurun, a meat processor that has seen some of the world's most well known investors among its shareholders, suffered its biggest ever fall in local exchanges on Monday, hit in part on market talk that it would be a target of a report by the short-selling firm.
"We take pains to keep our research activities confidential, and a widespread market rumor would either represent a significant failure on our part, or is false," Block wrote.
If there was a Muddy Waters report on Yurun, it would be the first time it wrote about a company that wasn't traded on Western exchanges
Wait, wait. Find out more at: http://www.reuters.com/article/2011/06/27/us-yurun-muddywaters-response-idUSTRE75Q2PJ20110627?feedType=RSS&feedName=everything&virtualBrandChannel=11563
No comments:
Post a Comment