Monday, 26 August 2013

China Minzhong shares plunge 50%

Just when I thought that today will be just another day since DOW Jones was just consolidating last Friday, the news just broke out. California based research firm, Glaucus Research, published a report alleging irregularities in the company, China Minzhong.
Here is the report which the company has published.

Now we just have to wait and see what the response will be from China Minzhong.

Early this year, the same research firm, Glaucus had also reported on another chinese based company, China metal recycling (CMR). Below is the article on what happened after.

In life, I guess nothing is certain, one has to make sure that we are not overly confident and invest all our eggs into 1 basket.

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