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Muddy Waters' Carson Block targets Man Wah as shorts descend on Hong Kong

GeoInvesting goes for Dali Foods, questioning the firm's accounting

Published Wed, Jun 7, 2017 · 09:50 PM
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Hong Kong

THE influx of short sellers into Hong Kong's stock market shows few signs of letting up.

After targeting at least 18 companies in the city over the past 12 months, bearish researchers put two more in their crosshairs on Wednesday. Carson Block of Muddy Waters said he's betting against furniture maker Man Wah Holdings Ltd, while GeoInvesting LLC's Dan David revealed a position in Dali Foods Group Co. Both stocks sank more than 6 per cent after the short sellers announced their targets at the Sohn Conference in Hong Kong.

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