HK firm calls for alliance against short sellers

Hong Kong

ONE of Hong Kong's most high-profile targets of activist short sellers has hatched an unorthodox plan to fight back.

It's called the "anti-malicious short selling alliance". The idea is for companies to band together when bearish traders pounce, sharing crisis-management advice and, in some cases, even offering equity investments. Fullshare Holdings Ltd, the property company that unveiled the plan on Monday, has faced allegations from two short sellers in the last month.