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- Title
Tianhe Chemicals Loses $3.1 Million on Fraud Allegations.
- Authors
Dodille, Lauren
- Abstract
The article reports that China's leading chemicals producer Tianhe Chemicals Group Ltd. has lost about 3.1 million dollars in market value. Tianhe's market value fell after hackers from the group Anonymous Analytics accused the company of stock market fraud. Tianhe's chief executive officer (CEO) Wei Xuan has denied all accusations of tax dodging and requested a halt to its trading on the Hong Kong Stock Exchange the very same day. One of Tianhe's backers Morgan Stanley, has said that it stands by the company.
- Subjects
TIANHE Chemicals Group Ltd.; MARKET value; COMPUTER hackers; TAX evasion; WEI Xuan; STOCK prices; COMMERCIAL crimes; SECURITIES trading; STOCK exchanges
- Publication
China Business Review, 2014, p1
- ISSN
0163-7169
- Publication type
Article