By
Reuters
Reuters
Published
May 4, 2012
May 4, 2012
China's Huabao shares slide 17.1 percent, denies fraud
By
Reuters
Reuters
Published
May 4, 2012
May 4, 2012
Photo: Corbis |
In a statement to the Hong Kong stock exchange, Huabao denied it had overstated profit for 2010 and said transactions with its tobacco customers were genuine and it had legitimate sales invoices.
For statement click here.
Shares in the company were set to open down 17.09 percent at HK$3.30, their lowest since October 2008.
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