Brief: Zall Group comments on report issued by Glaucus Research

Zall Smart Commerce

26/04/2017 01:09

April 26 (Reuters) - Zall Group Ltd  2098.HK  
    * company is not aware of any circumstance suggesting that 
company's stock price is being manipulated 
    * would like to clarify that it had not issued any new share 
to Fullshare's chairman. 
    * confirms that there had been no default on outstanding 
debt under us$100 million convertible bonds issued by company 
    * acquisition of Fullshare shares by company in June 2015 
was a standalone transaction and unrelated to acquisition of 
co's shares by Fullshare from its chairman 
    * report wrongly attributes increase in co's stock price  to 
fullshare's equity investment in co leading to stock price being 
manipulated 
    * "denies all misstatements and false assertions concerning 
group in report" 
    * would like to emphasize that group's financial position 
remains healthy and stable. 
    * reference is made to report issued by Glaucus Research 
Group on 25 April 2017 in relation to Fullshare 
 
Source text for Eikon:  ID:nHKSql8q6  
Further company coverage:  2098.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))