Fullshare set to rise 15 pct after it dismisses short-seller claims

Fullshare Holdings

04/05/2017 02:20

HONG KONG, May 4 (Reuters) - Shares of Hong Kong-listed 
property and healthcare group Fullshare Holdings Ltd  0607.HK  
were set to climb 15 percent on Thursday after it rejected 
allegations by a U.S.-based shortseller about its financial 
health.  urn:newsml:reuters.com:*:nL4N1I43MO 
    Shortseller Glaucus Research, in a report last week, had 
queried Fullshare's stock trading patterns, its valuation and 
asset disposals. The report said Fullshare was "one of the 
largest stock manipulation schemes trading on any exchange 
anywhere in the world".  urn:newsml:reuters.com:*:nL4N1HY1NN  
    Shares of Fullshare were set to rise 15 percent in resumed 
trade to HK$2.90.   
 
 (Reporting By Anne Marie Roantree; Editing by Stephen Coates) 
 ((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters 
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net)) 
 
Keywords: FULLSHARE HLDG STOCKS/