[ET Net News Agency, 24 June 2019] Short seller Bonitas Research said Bosideng
International's (03998) story includes many hallmarks of a public market fraud, including
overstated revenues and profits, undisclosed related party transactions, and overpayments
for acquisitions from undisclosed insiders at astronomically high prices.
It is short Bosideng and thinks its stock is ultimately worthless at zero.
At 11.00 a.m., Bosideng trades at HK$1.84, down 20%. (KL)