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The short body again denounced SouFun Chairman Shing

Source: Internet
Author: User
Keywords SouFun short accusation dispatch Shing
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Sina Science and technology news Beijing time of April 16, late in Tuesday, the Glaucks study (Glaucus Research) published a follow-up study, accusing SouFun (nyse:sfun) Chairman Tianquan Shing, reiterated the SouFun stock rating of "strong sell". Glaucks said in today's report that he believes he has solid evidence that Tianquan orchestrated a series of undisclosed, unrelated transactions, taking 14 million of billions of dollars from the company, a process that has violated U.S. and Hong Kong securities laws. As of US-East time Tuesday 10:39 (Beijing time Tuesday 22:39 P.M.), SouFun's shares on the New York Stock Exchange fell 60 cents to $20.96, or 2.78%. (Li Wu/compiling)

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