Recently, the founder of Muddy Water, Carson Bullock, said in an interview about the “shorting of Ruixing” because it was not only an anonymous report but also more detailed data, which made Muddy Water believe in the report. Authenticity.
In February of this year, Muddy Water Research released a short report on the stock of “Ruixing Coffee”. Muddy water showed the situation that Ruixing forged data in the report.
Subsequently, Ruixing issued an announcement stating that it denies all allegations in the muddy water short report, the report’s argumentation method is flawed, the so-called evidence contained in the report has no firm factual basis, and the allegations in the report are based on unfounded speculation And malicious explanations of the incident.
On April 2, Ruixing Coffee “disclosed” its company coo Liu Jian and its subordinates and other four management personnel, suspected of falsifying financial data, resulting in the company’s false increase of 2.2 billion yuan in sales from the second quarter of 2019 to the fourth quarter of 2019. amount. Affected by this, Ruixing Coffee’s stock price continued to fall to a suspension of trading at $ 4.39, with a total market value of $ 1.11 billion and an evaporation of $ 5.5 billion.
17329985575