Hong Kong's Techtronic denies short-seller allegations of manipulating profit

Techtronic Industries

23/02/2023 15:09

Feb 23 (Reuters) - Power tool company Techtronic
Industries  0669.HK  on Thursday denied all the allegation made
by the short-seller Jehoshaphat Research. 
    The short-seller had alleged that the company was inflating
its profits for over a decade by "manipulative accounting",
adding that the stock has a downside of 60% to 80%. 
 (Reporting by Navya Mittal in Bengaluru)
 ((Navya.Mittal@thomsonreuters.com;))