HK-listed Kasen International Holdings surges following denial of shortseller accusations

Kasen International Holdings

22/11/2019 04:09

** Shares in Kasen International Holdings Ltd  0496.HK  soar
as much as 603%, after its board denied accusations of a
shortseller's report
    ** Kasen's board said it considers the accusations in Blue
Orca's report to be inaccurate and misleading, according to the
company's statement 
    ** Stock was down 98% following the Blue Orca report 
    ** Blue Orca accused the furniture maker of impropriety
related to a deal
    ** The benchmark Hang Seng index  .HSI  is up 0.2% 

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))